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Gerardo Erickson
Gerardo is grateful for the great help that Kiva lenders are offering him because thanks to their help he will be able to buy merchandise for his small business selling vegetables and fruit, such as wholesale potatoes, onions, white beans, pinto beans, and other items. This will allow him to improve his sales and his income so that he can keep growing and fighting for his great dream, which is to own a minimart.
View original language description ↓
Gerardo agradece el gran apoyo que le están brindando los prestamistas kiva ya que gracias a la ayuda que le han brindado el podrá comprar mercadería para pequeño negocio de venta de verduras y frutas como papa al por mayor, cebolla, pallares, frejoles, entre otros; con lo cual podrá mejorar sus ventas y sus ingresos y de esta manera poder seguir creciendo y luchando por hacer realidad su gran sueño:” Tener un minimarket”.

Additional Information

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 Luren

Caja 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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About Peru

  • $12,000
    Average annual income
  • 92
    View loans »
    Peru Loans Fundraising
  • $57,341,375
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Gerardo Erickson to purchase wholesale vegetables.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2013
Listed
Dec 27, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015