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Alan Miguel
Alan lives in Pisco, a city with a warm and welcoming climate, as well as beautiful beaches. This area is also developed in agriculture, especially in terms of corn, cotton, and other crops. With great effort and dedication, Alan was able to study to become an auto mechanic. He now wakes up early each day so that he can head to his job as a mechanic at a small repair shop in the city. Alan works approximately nine hours a day and the income from his job allows him to help his parents with the household expenses. He believes that he is succeeding because of his dedication and responsibility.


Alan is extremely grateful to the Kiva lenders. Thanks to the assistance they have provided, he will be able to buy a small space for starting his business. Over time he will be able to establish his own auto repair shop so that he can improve his earnings. Alan continues to strive toward fulfilling his greatest wish of opening a new business and having a house of his own.

View original language description ↓
Alan vive en la ciudad de Pisco, ciudad con un clima cálido y acogedor, y poseedor de playas hermosas, asimismo se desarrolla la agricultura en especial el cultivo de maíz, algodón, entre otros. Con mucho esfuerzo y dedicación Alan logro estudiar mecánica de mantenimiento y gracias a ello cada día Alan se levanta muy temprano ya que él trabaja como mecánico en un pequeño taller de su ciudad, Alan labora alrededor de 9 horas al día y con el fruto de su trabajo puede apoyar a sus padres con los gastos del hogar; él cree que está saliendo adelante por su dedicación y su responsabilidad.

Alan está muy agradecido con los prestamistas Kiva ya que gracias a la ayuda que le han brindado el podrá comprar un ´pequeño local para poder iniciar un negocio, de esta manera podrá poco a poco formar su propio taller de mecánica y de esta manera mejorar sus ingresos y seguir luchando para poder hacer realidad su mas grande sueño:” Tener un nuevo negocio y tener su casa propia”.

Additional Information

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 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.

About Peru

  • $6,715
    Average annual income
  • 108
    View loans »
    Peru Loans Fundraising
  • $56,083,725
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Alan Miguel to acquire a space for opening his auto repair shop.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2013
Listed
Apr 26, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014