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Update on Margarita

Margarita is a member of the Violeta community bank. She is 61 years old, a widow and has one son. She has been a member of FINCA Peru for 16 years and is a retired teacher. She owns her own restaurant where she sells traditional Peruvian dishes. She also has a business selling gas. During her years as a FINCA Peru member, Margarita has worked hard and managed to add a second storey to her house. Her dream for the future is to build another house that she can rent out. Over all these years, what Margarita has learned the most is how to save. She will invest the loan that she is requesting in buying gas to sell in her business.
View original language description ↓
Margarita es socia del Bancomunal Violeta y tiene 61 años de edad, es viuda es madre de un hijo varón. Es socia de FINCA Perú hace 16 años y es profesora jubilada, ella tiene su propio restaurante donde se vende platos típicos del Perú, también tiene un negocio donde se vende gas. En todo este tiempo como socia de FINCA Perú, Margarita con todo su esfuerzo y trabajo ha podido construir el segundo piso de su casa. Su sueño para el futuro es construir otra casa para que la pueda alquilar. En todo este tiempo lo que mas ha aprendido es a ahorrar. El préstamo que solicita lo invertirá en la compra de gas para vender en su negocio.

Previous Loan Details

Margarita is a fifty-seven year old separated mother with one child. She is an unemployed teacher, but owns a convenience store at her house where she sells vegetables, meat, groceries, liquor, telephone cards, and gasoline. Additionally, Margarita travels to the city of Tambo every two weeks whe... More from Margarita's previous loan »

Additional Information

About FINCA Peru

This loan is administered by FINCA Peru, one of Kiva’s Field Partners in Peru. FINCA Peru is dedicated to empowering socially and economically disadvantaged women in Peru, contributing to the development of their families, and building sustainable communities.

In 1990, FINCA Peru began by lending to a small group of women widowed by the Shining Path terrorist movement in Ayacucho. Beyond loans and financial services, FINCA offers business development training, personal and family development training, gender empowerment sessions, life insurance products, and financial and social literacy sessions for the children of borrowers. Visit FINCA Peru’s Kiva Field Partner page to learn more.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Peru

  • $12,000
    Average annual income
  • 37
    View loans »
    Peru Loans Fundraising
  • $64,316,075
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Margarita to buy gas to sell in her business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jun 14, 2012
Jun 24, 2012
Currency Exchange Loss:
Dec 20, 2012