Update on FelicitasFelicitas works selling clothing and grains in different outdoor markets. She likes her communal bank because she has learned how to save, and because she has friends and they share different experiences. Being in the institution, she managed to educate her children, for which she is grateful. The most important thing is that she improved their quality of life.
With the new loan that she is requesting, she will invest in the purchase of clothing so that she can keep her business going and continue helping her son with his education.
Con el nuevo préstamo que solicita, lo va invertir en la compra de ropas para así poder mantener el negocio y seguir ayudando a su hijo en cuanto a su educación.
Previous Loan DetailsFelicitas is a member of the communal bank "PALMERAS". She is 61, married and has five children. She works as a clothing vendor and is requesting a loan to buy clothing to add to her merchandise inventory. Felicitas travels to the fairs in Allpachaca and Rumiwari where she sells clothing and ... More from Felicitas'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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