Jose is very grateful to the Kiva lenders, since thanks to the help they have provided, he will be able to make the improvements to his home. Currently, his house is made of adobe (a kind of brick made of mud) and with this support, he will be able to work on constructing his home little by little of superior material (brick and cement). In this way, he will be able to improve his family’s quality of life and to continue working everyday to make his biggest dream, “to give his children good careers and to see his house completely finished”, a reality.
Jose está muy agradecido con los prestatarios Kiva ya que gracias a la ayuda que le han brindado el podrá realizar mejoras en su vivienda ya que actualmente su casa es de adobe (especie de ladrillo pero hecho de barro), y con este apoyo podrá ir construyendo su vivienda de a pocos de material noble (ladrillo y cemento),así el podrá mejorar la calidad de vida de su familia y seguir cada día trabajando para poder hacer realidad su más grande sueño:” Darle una buena profesión a sus hijos y ver su casa terminada completamente”.
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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