More than half a million Peruvians have asked for loans for water supply

More than half a million Peruvians have applied for loans for the implementation plumbing in their homes. YesIn the Amazon region alone, more than 41,000 households do not have this basic service, and in Cajamarca this figure exceeds 100,000.according to reports from the microfinance institution Caja Piura.

Through its Aqua Credits program at the national level 56% of those who received a loan are between the ages of 31 and 50.and five out of ten clients come from the North East, North Center and North regions, with Bagua Grande being the area where the largest amount of capital provided is concentrated.

Most of the loans were requested in the Amazonas region

The microfinance institution notes that 42% of the amount paid to Aqua Credits during the year affected the quality of life of Bagua Grande citizens in Amazonas. ” loans enabled many households to improve their water supply and sanitation, buy a water tank, replace obsolete materials, get a health check, among other things, to have access to water throughout the day. In this way, the conditions and quality of life of people in their homes and workplaces have improved,” said Oskar Vilches, northeast manager of a microfinance organization.

Those who apply for credit are merchants and service providers.

Most of the loans issued are concentrated in customers whose economic activity is focused on trade and other public works, which makes up 48% of the segment.

Beneficiaries, on average, make the full payment of “Aqua Credit” within 12 months. “Nonetheless, Piura box You can finance this type of loan for up to 36 months. This will depend on the assessment carried out on the applicant and in accordance with their requirements,” explains Vilches.

For the rest of 2022 microfinance He hopes that another 2,000 people will have access to this loan product, which also helps people in rural areas get banking services.

According to Caja Piura, by 2021, 23% of the new customers of the Municipal Savings and Loan Bank System have been attracted by national level water and sanitation loans. Almost half of them are women, and one in ten are from rural areas.