Update on MariaMaría is a member of Tarpuy II Communal Bank. She is 36 years old and lives with her common law partner. She is the mother of two children. She has been a member of FINCA Perú for more than 15 years and is dedicated to buying and selling cochineal and tara .
She says that she chose FINCA Perú because of the ease of getting a loan and also because she enjoys the meetings at her communal bank where she learns a great deal about saving and being punctual. She is grateful to this field partner because she succeeded in buying her land and built her house. She will invest the loan she is requesting in the purchase of cochineal and tara.
Previous Loan DetailsMaria is a member of Banco Comunal Tarpuy and is 34 years old. She buys and sells natural dyes used for fabric. She is the mother of two children, and has been a member of Finca Perú for 12 years. For her, it is very important to put money in savings, since doing this allowed her to complete th... More from Maria's previous loan »
About FINCA PeruThis 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.
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