Frank is thankful for the support that the Kiva investors have offered him. Thanks to this help, he will be able to buy groceries (sacks of rice, sugar, noodles, and other items) and to provide for his whole family. By buying groceries wholesale, he will also save some money and can continue fighting to make his greatest dream a reality: to have his own home.
Fran agradece el apoyo que le brindan los prestamistas kiva ya que gracias a la ayuda que le han brindado el podrá comprar abarrotes como arroz en saco, azúcar, fideos, entre otros, lo cual le permitirá tener alimentos para su familia y ahorrar ya que comprara por mayor y así seguir luchando para poder hacer realidad su gran sueño: “Tener casa propia”.
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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