Julio works very hard every day as an employee in a firm; he works about 9 hours daily and is able to cover household expenses this way. He’s very grateful to Kiva lenders because thanks to the great help they’ve provided him, he’ll be able to buy building materials and supplies like cement and fine sand, among others, to do some home improvements, particularly repair the cracked walls. In this way, he’ll have a better living environment and will continue striving to reach his greatest dream: to own a house and have his own business.
Julio trabaja cada día con mucho empeño en una empresa como operario, el labora alrededor de 9 horas al día y con ello puede solventar los gastos de su hogar.
Julio está muy agradecido con los prestamistas kiva ya que gracias a la gran ayuda que le han brindado el podrá comprar materiales de construcción como cemento, pintura, arena fina, entre otros, con lo cual realizara mejoras en su vivienda, principalmente arreglos de las paredes que se encuentran resquebrajadas; de esta manera tendrá un mejor ambiente para vivir y seguirá esforzándose para poder hacer realidad su más grande sueño:”Tener su casa propia y tener un negocio propio”.
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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