With a lot of effort he managed to study auto mechanics and after much saving he managed to start his small auto repair business. He devotes around 9 hours a day to his business and can serve up to 5 clients daily. He believes that he is moving forward with his business because he is punctual and honest with his customers and because of this they always recommend him.
Lister is very grateful to the Kiva lenders since, thanks to the support that they are providing him, he will be able to purchase tools and spare parts for his business as well as an air compressor, which will allow him to be able to perform his work better and serve his clients in a better way since he will have the necessary implements.
Lister está muy agradecido con los prestamistas Kiva ya que gracias al apoyo que le están brindando el podrá comprar herramientas y repuesto para su negocio así como también podrá comprar una compresora de aire, lo cual le permitirá poder realizar mejor su trabajo y atender a sus clientes de mejor manera ya que contara con los implementos necesarios.
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