The loan she is requesting will be used to keep her grocery stand in operation. She has credit experience since she repaid three existing loans with CMAC on time and another one with ScotiaBank. The proceeds from these loans were invested in capital improvements to her business. She was recommended for this loan because of her excellent loan repayment history.
About Caja Rural Señor de LurenCaja Rural Señor de Luren is a microfinance institution based in Ica in southern Peru that primarily promotes the development of the country’s agricultural sector through lending. Today, it also offers credit for consumers, microenterprises and housing improvements, and has expanded its financial services to promote micro-savings and provide micro-insurance. This institution has been instrumental in helping borrowers recover from the devastating earthquake in the Ica region in 2007, and works with Peru’s National Bank to reach some of the poorest and most remote microfinance clients in the country.
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Success!! The loan was 100% repaid