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Alex Hugo
Alex is very thankful for the Kiva lenders since thanks to the help they have provided, he will be able to improve his business selling breakfast. Alex will paint, and buy chairs for his clients and cutlery, among other things. In this way, he will be able to offer his clients greater comfort and attention.

With a lot of effort and saving, Alex achieved having his business selling breakfast, which has allowed him to pay his home expenses and to be able to achieve his greatest dream: "to have a bigger business and to be able to give his son a good education."
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Alex esta muy agradecido con los prestamistas kiva ya que gracias a la ayuda que le han brindado el podrá mejorar su local de venta de desayunos, Alex realizara el pintado, compra de sillas para sus clientes, cubiertos, entre otros; de esta manera podrá ofrecer mayor comodidad y atención a sus clientes.

Con mucho esfuerzo y ahorro Alex logro tener su negocio de venta de desayunos, el cual le ha permitido poder solventar los gastos de su hogar, para poder luchar por su gran sueño:” Tener un negocio más grande y poder darle a su hijo una buena educación”

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.

Tags

About Peru

  • $6,715
    Average annual income
  • 82
    View loans »
    Peru Loans Fundraising
  • $55,191,575
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $900 helped Alex Hugo to buy chairs, cutlery, and improvements to his business, among others.
70% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2014
Listed
Jun 17, 2014
Currency Exchange Loss:
Possible