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Miguel Angel
Miguel is 20 years old and lives in the city of Ina, in the district of Parcona with his partner and young daughter. Despite being so young, he is a very kind, hardworking and enthusiastic person, who along with his partner, have great desire to get ahead in life. Unfortunately, because of the need to work to cover their expenses, Miguel wasn't able to pursue a professional career, though he would have greatly liked to do so. In his free time he likes to play soccer with his friends and on some occasions he cooks a delicious beef stew to share with his family.

With much effort, enthusiasm and the support of his partner, Miguel launched his small business of selling vegetables. He has a small space in a central market in his district where he makes his sales. Everyday, from the early hours of the morning, he starts his work and works approximately 12 hours daily. He thinks it is going well because of his dedication and for the kind treatment he provides his customers. Miguel is very grateful for the loans from Kiva. Thanks to the assistance provided he will be able to purchase ingredients to prepare spices like: mustard, various ground aji, ground coriander, and pepper among others. This way Miguel's business will be better stocked and he hopes to increase his sales and income, which will allow him to expand his business little by little so he can continue working and striving, along with his family, to get ahead in life.
View original language description ↓
Miguel es un joven de 20 años, vive en la ciudad de Ica, en el distrito de Parcona con su pareja y su pequeña hija, a pesar de ser tan joven él es una persona muy amable, trabajador y entusiasta, que junto con su pareja tienen mucho deseos por salir adelante; lamentablemente por la necesidad de trabajar para solventar sus gastos, Miguel no pudo estudiar una carrera profesional, pero le hubiera gustado mucho poder hacerlo, en sus ratos libres le gusta jugar futbol con sus amigos y en algunas ocasiones cocina un riquísimo Seco de Res para compartir con su familia.
Con mucho empeño, entusiasmo y con el apoyo de su pareja, Miguel puso en marcha su pequeño negocio de venta de verduras, él cuenta con un pequeño espacio en el mercado central de su distrito donde realiza sus ventas, todos los días desde tempranas horas de la mañana inicia su labor, puede trabajar un aproximado de 12 horas diarias y cree que le va bien por su dedicación y por el trato amable que brinda a sus clientes.
Miguel se encuentra muy agradecido con los prestatarios Kiva, ya que gracias a la ayuda brindada podrá realizar la compra de insumos para elaborar especerías tales como: mostaza, diversos ajís molidos, culantro molido, pimienta, entre otros; de esta manera Miguel tendrá mejor abastecido su negocio, con ello él espera aumentar sus ventas e incrementar sus ingresos económicos, los cuales le servirán de mucho para que poco a poco pueda ampliar su negocio, así él seguirá trabajando y esforzando para que junto con su familia puedan salir adelante y superarse.

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.

About Peru

  • $12,000
    Average annual income
  • 81
    View loans »
    Peru Loans Fundraising
  • $61,829,600
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Miguel Angel purchase ingredients to prepare spices.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Aug 24, 2012
Sep 15, 2012
Currency Exchange Loss:
May 17, 2013