Manuel is a 45 years old and lives in Nazca, Peru with his three children and life partner. His children are 18, 16, and 10, and, with the exception of the youngest, have studied until the 5th grade. The youngest is still in primary school. Manuel studied in a local university and, while he was always interested in a career in metallurgic engineering, he chose a career in agriculture.
Manuel works six hours every day in his own business. He cultivates tuna, a South American fruit, to attract the cochineal insect, which is then used to make red dye for pigmenting cosmetics and paints. He also grows tomatoes. His business is successful because of his experience in the field. In addition to his own enterprises, Manuel works for a mining operation.
He has requested a loan to cover the expenses of planting new crops and getting rid of insect infestation. This loan would enable him to have a good harvest of cochineal and continue his success with tomatoes. Manuel's greatest dream is to own his own ranch.
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.