Each day Mao works in his small business, sharpening round saw blades. He works about nine hours a day. He believes his business in improving because he is friendly to his customers and because he really wants to progress.
Mao is very appreciative of the loans from KIVA and he is thankful for the support that they provide as he is able to buy construction materials such as wood, nails, corrugated panels and paint among other items. In this way he can improve the quality of life for his family. He can then reach his greatest dream, “to have a larger workshop and give his son a profession”.
Día a día Mao trabaja en su pequeño negocio de afilado de discos de aserrar, el trabaja alrededor de 9 horas al día y el cree que está saliendo adelante con su negocio porque es muy amable con los clientes y porque tiene muchas ganas de salir adelante.
Mao está muy agradecido con los prestamistas kiva ya que gracias al apoyo que le han brindado ya que podrá comprar materiales de construcción como madera, clavos, calaminas, pintura, entre otros y así podrá mejorar su vivienda y la calidad de vida de su familia, así el seguirá luchando para poder hacer realidad su más grande sueño:” Tener un taller más grande y poder darle una profesión a su hijo”.
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