Thanks to Manuel’s efforts he was able to study Agricultural Engineering. In his free times he likes to spend a bit of time reading and sometimes his wife cooks for him the tasty dish Pachamanca [Peruvian dish baked on top of heated stones, consisting of meat and produce] in order to spoil him, as this is his favorite food.
With a lot of effort and dedication, Manuel works day by day in agriculture. He has a small plot of land where he grows cotton. Every day in the early hours of the morning he begins his field labors, working approximately eight hours, and he believes that because of his experience things are going well.
Manuel is very grateful for the Kiva loans, and thanks to the help they give he can cover the cost of maintenance, irrigation, and harvesting the cotton crops. This is why Manuel hopes to have a good harvest in order to be able to sell it at a good price, and thus continue working and striving in order to get ahead and attain his big dream of being able to expand his business soon and to have more diverse crops.
Con mucho empeño y dedicación, día a día Manuel se dedica a la agricultura, él cuenta con un pequeño terreno en el cual siembra algodón, todos los días desde tempranas horas de la mañana inicia sus labores de campo, él puede trabajar un aproximado de 8 horas y cree que le va bien por su experiencia.
Manuel se encuentra muy agradecido con los prestatarios Kiva, ya que gracias a la ayuda brindada podrá cubrir los gastos de mantenimiento, riego y cosecha de su cultivo de algodón; de esta manera Manuel espera tener una buena cosecha para así poder venderla a un buen precio, así pues él seguirá trabajando y esforzándose para salir adelante y lograr su gran sueño de en poco tiempo ampliar su negocio y tener diversas cosechas.
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.
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Success!! The loan was 100% repaid