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Luis Miguel
Young Luis is single and lives in his parent's house. He has a business buying and selling scrap metal (scrap metal recycling.) He chose this type of work because he has relatives who are also in this line of business. He has been doing this work for more than 4 years. He transports these materials with a bike that he owns that has an attached cart. One obstacle that Luis faces is that the bike/cart he has is very small and cannot hold a lot of material, so he has to make two trips a day carrying this merchandise to the stores where he sells it. Luis is requesting a loan so that he can add a storage facility onto his parent's house. Here he will be able to store the recyclable materials that he collects every day so that he can sell these materials weekly, which will give him more time to recycle more materials. Luis is very grateful for the assistance that is being provided to him.
View original language description ↓
El joven Luis es soltero y vive en casa de sus padres, luis se dedica a la actividad de compra y venta de chatarra ( reciclaje de desechos de metal), eligió este tipo de trabajo por que tiene familiares que se dedican a la misma actividad, viene realizando esta labor por mas de 4 años, la forma en la que transporta estos materiales es con un triciclo que es de su propiedad, los desafíos que enfrenta luis es que el triciclo que tiene es muy pequeño para transportar los materiales ,y el los enfrenta realizando el traslado 2 veces al día, llevando dicha mercadería a los almacenes para así venderlo diariamente, el dinero que esta solicitando luis es para construir su propio almacén el cual lo construirá en la casa de sus padres, y así almacenar lo que recicla todo el día, y así venderlo semanalmente dándole mas tiempo para reciclar mas mercadería, luis esta muy agradecido con la ayuda que se le esta brindando.

Additional Information

About Caja Rural Señor de Luren

Caja 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.

About Peru

  • $6,715
    Average annual income
  • 68
    View loans »
    Peru Loans Fundraising
  • $53,916,525
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Luis Miguel to add a storage unit to his parent's house where he can store the scrap metal that he collects each day.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 30, 2011
Listed
Jul 9, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2012