Abel feels very grateful for the support he's receiving from Kiva lenders. Thanks to their help, Abel will buy construction supplies, such as cement, tools, sand and concrete, among others, to sell to his clients and obtain some extra money to support his parents and continue saving towards making his biggest dream come true: "to have his own house".
abel esta muy agradecido con el gran apoyo que le estan brindando los prestatarios Kiva, ya que con esta ayuda Abel comprara materiales de construccion coo cemento, fierros, arena, hormigon, entre otros, para poder venderlo a sus clientes y con ello tener un dinero extra para poder apoyar a sus padres y seguir ahorrando ypoder hacer realidad su mas grande sueño:" Tener su casa propia".
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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