Junior is a young man in modest circumstances. He works as a laborer for a farm in the area using his wages to help his mother with household expenses and above all to help his younger brother with school expenses. He is getting ahead because he wants to provide his family with a better quality of life. That is what motives him to continue making an effort.
Junior is very grateful to Kiva lenders for, thanks to their support, he will be able to buy school supplies for his little brother since school has already started and, without supplies, his little brother cannot do his lessons. With the loan he will be able to provides the materials his brother needs to study and also continue working to make his own dream a reality, that of having a profession and lifting his family from poverty.
Junior está muy agradecido con los prestamistas Kiva ya que gracias a su gran apoyo el podrá comprar los útiles escolares para su hermanito, ya que ya inicio el periodo escolar y debido a la falta de sus útiles, su hermanito no puede cumplir con las clases, así el podrá brindarle a su hermanos los materiales necesarios para estudiar y seguir trabajando y esforzándose para poder hacer realidad su más grande sueño:” Tener una profesión y sacar a su familia de la pobreza”.
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