Update on Maria TeresaMaría is a member of the Banco Comunal Tarpuy II. She is sixty-five years old, married, and the mother of nine children, all of whom have achieved their majority. She has been a member of Finca Perú for more than ten years and makes a living selling clothing that she takes to markets outside the city. She is grateful for the opportunities that the organization has brought her, allowing her to grow more in her business.
She likes the training that she receives in the Banco Comunal because the advice and conversations that it provides help her to improve both personally and economically. She will use the loan that she is currently requesting to buy merchandise (such as clothing for men, women, and children) for her business, which she will sell in the markets.
Previous Loan DetailsMaria is a member of the Tarpuy Communal Bank. She is 65 years old and the mother of nine children. She sells clothing, which she takes to the rainforest region. She has been a member of Finca Perú for ten years. The experience that she has gained in Finca has helped her to raise her children ... More from Maria Teresa'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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Success!! The loan was 100% repaid