With the support from this loan, Juan plans to purchase construction materials to reinforce the walls of his home, as well as put in a cement floor and make other improvements to his living space. He is grateful for this opportunity to improve his quality of life and continue working towards his dream of having his own business.
Juan gracias al apoyo de los prestamistas kiva podrá comprar materiales de construcción para poder mejorar las paredes de la vivienda donde habita, asimismo colocara un piso de cemento, entre otros, lo cual le permitirá mejorar su calidad de vida y seguir luchando para poder hacer realidad su gran sueño:” Tener su negocio propio”.
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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