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Miguel Angel
Miguel and his wife have two young children. Every night his wife sells sandwiches and hamburgers at the door to his house. This small family currently lives in the city of Ica, Perú. This place is known for its growth of commercial stores and the economic development that is reflected in its inhabitants.

Miguel makes wooden doors and windows. These products are ordered on the average of three times a week. Therefore, Miguel works an average of nine hours a day. He waits on his customers, and he makes the requested products. It was thanks to his father that he learned about the business. He is very grateful for the effort his father put into teaching him.

Miguel is well-known for his work because his customers are always satisfied with the results.

With help from the Kiva lenders he will be able to perform maintenance on his machines and buy an electric planer. This will allow him to have an additional tool to use when working with wood. He will offer a new service, and this way his business will be able to grow. This will allow him to have a branch in the Parcona district, Ica, Perú.
View original language description ↓
El señor Miguel tiene 2 pequeños junto a su esposa, la misma que se dedica a la venta de sándwich y hamburguesas en la puerta de su casa todas las noches. Actualmente esta pequeña familia vive en la ciudad de Ica, Perú, lugar que se caracteriza por el incremento de tiendas comerciales y el desarrollo económico que se refleja en sus pobladores.

Miguel se dedica a elaborar puertas y ventanas de madera, productos que son demandados en promedio 3 veces al día, para esto Miguel se dedica a laborar un promedio de 9 horas, tiempo en el que atiende a sus clientes y elabora los productos solicitados. Fue gracias a su padre que aprendió sobre este negocio, por lo que él está muy agradecido por el empeño que le puso por enseñarle.

Miguel es muy conocido por su trabajo ya que sus clientes siempre están satisfechos con los resultados. Con ayuda de los prestatarios Kiva, él podrá realizarle el mantenimiento pertinente a sus máquinas, a su vez podrá comprar un cepillo eléctrico. Esto le permitirá tener un instrumento adicional para labrar la madera, ofrecerá un nuevo servicio y así su negocio podrá crecer, lo que le permitirá tener una sucursal en el distrito de Parcona, Ica, Perú.

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
  • 80
    View loans »
    Peru Loans Fundraising
  • $55,191,575
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Miguel Angel to have maintenance performed on his machines and to buy an electric planer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 17, 2012
Listed
Mar 26, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013