Santiago is thankful to the Kiva investors. Thanks to the help that they have offered him, he is able to buy a gas stove. He presently cooks with a kerosene stove that is in bad condition. Buying a new gas stove will allow him to improve the quality of life for his family, and to continue fighting to make his dream come true, which is to become a mechanic.
Santiago está agradecido con los prestamistas kiva ya que gracias a la ayuda que le han brindado podrá comprar una cocina a gas ya que actualmente cocina en una de kerosene y se encuentra en mal estado, así podrá mejorar la calidad de vida de su familia y seguir luchando por hacer realidad su sueño:” estudiar la carrera de mecánica”.
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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