Every day, Luis works as a mechanic in a company in the city. He does heavy machinery maintenance and works about ten hours per day. He thinks that things are going well for him at work because he is very responsible and, above all, because he has a desire to succeed.
Luis is very grateful to the Kiva lenders since, thanks to the help that they have offered him, he will be able to buy cement, sand, paint, and other materials for making improvements to his home. This will allow him to provide his parents with a better quality of life and to continue working hard every day to make his greatest dream a reality: "To have my own home and to have a large business."
Cada día Luis trabaja como mecánico, en una empresa de su ciudad, el realiza mantenimiento a la maquinaria pesada y por ello labora alrededor de 10 horas al dia; el cree que le va bien en su trabajo porque es muy responsable y sobre todo porque tiene ganas de salir adelante.
Luis está muy agradecido con los prestatarios Kiva ya que gracias a la ayuda que le han brindado el podrá comprar cemento, arena, pintura, entre otros materiales para realizar mejoras en su vivienda, con lo cual podrá darle una mejor calidad de vida a sus padres y poder seguir luchando cada día para poder hacer realidad su más grande sueño:” Tener su casa propia y tener un gran negocio”.
More information about this loan
This loan is designed for people who have no access to financial services because they lack collateral or credit history, or run informal businesses. Caja Señor de Luren identifies these clients through a unique scoring system that evaluates their repayment capacity based on socio-economic and demographic indicators. The goal is to expand access to credit to vulnerable borrowers, empowering them to improve their income and living conditions.
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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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