Mario is a workman in a textile company and works for approximately 9 hours each day. Thanks to his hard work, he can cover his household expenses and believes he's getting ahead because he is responsible and enthusiastic.
Mario feels very grateful to Kiva lenders. Thanks to their support, he'll be able to buy construction materials, such as cement, sand and metal, among others, to repair the walls and ceiling of his house. This way he'll be able to provide his family with a better quality of life and to continue fighting every day to make his biggest dream come true: having his house built in fine material.
Día a día Mario trabaja como obrero en una empresa textil, el labora alrededor de 9 horas al día y con el fruto de su trabajo puede solventar los gastos de su hogar con mucho esfuerzo, el cree que está saliendo adelante en su trabajo porque es responsable y sobre todo tiene muchas ganas de salir adelante.
Mario está muy agradecido con los prestatarios Kiva ya que gracias a la ayuda que le han brindado el podrá comprar materiales de construcción como cemento,arena,fierros, entre otros; para poder realizar refacciones de paredes y el techo de su vivienda, así podrá mejorar la calidad de vida de su cliente y podrá seguir luchando cada día para poder hacer realidad su más grande sueño:”Tener su vivienda construida de material noble”.
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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