Crecer Group

The bank Crecer (“To Grow”) began a second circle with 18 members.

The members have different businesses, like the sale of general groceries, crafts, cereal grains, sweets, wool, fruit, vegetables, and food.

This is the case for Vidalina, who is in a common law marriage. She is 33 years old and has two children. Vidalina sells groceries for profit in different stores. She gets her products in the city of Lima. Vidalina has a store in Lima, a business that is run by her husband. Vidalina needs a loan of 900 soles that she would invest in the purchase of rice.
On the other side, Ursula is a widow. She is 69 years old and has 8 children. Ursula makes pretty crafts in textiles like table runners. She does this work with the help of one of her children, who does sales in the market. Also, Ursula has a small store in her home. Ursula needs a loan of 1050 soles that she would invest in the purchase of sugar, rice, and oil.

While Martina is single, she is 39 years old and she lives with her parents. Martina travels to different markets of the region where she buys cereal grains and cheese. Also, Martina works as an assistant for a dental consultant.
The members need different amounts of loans like 300 soles, 600 soles, 900 soles, 1050 soles to make a total of 10,200 soles in loans from the community bank.

Their loans would be invested in rice, sugar, oil, vermicelli noodles, wheat, barley, wool, cookies, candy, fruit, and vegetables.

The dreams of the members are to have a car, for their children to improve their lives, to provide a good education for their children, to build a home and to have a stable business.

Translated from Spanish by Jessica Kaminsky, Kiva Volunteer

El Banco Crecer inicia su segundo ciclo con 18 socias.

Las socias realizan diferentes negocios como la venta de abarrotes en general, artesania, cereales, golosinas, leña, frutas, verduras, comidas.

Como es el caso de Vidalina que es conviviente. Tiene 33 años y 2 hijos, Vidalina vende abarrotes por mayor a diferentes tiendas, sus productos los adquiere en la ciudad de Lima. Vidalina tiene una tienda en Lima, negocio que esta administrado por su esposo. Vidalina necesita un préstamo de 900 soles dinero que será invertido en la compra de arroz.

Por otro lado Ursula es viuda, tiene 69 años y 8 hijos, Ursula realiza bellos trabajos artesanales en textiles como pasadizos, actividad que realiza con la ayuda de 1 de sus hijos, sus ventas los realiza en el mercado. Además Ursula tiene una pequeña tienda en su casa. Ursula necesita un préstamo de 1050 soles dinero que será invertido en la compra de azúcar, arroz, aceite.

Mientras que Martina es soltera, tiene 30 años y vive con sus padres, Martina viaja a las diferentes ferias de la región en donde compra cereales, quesos. Además Martina trabaja como asistenta en un consultorio dental.

Las socias necesitan diferentes montos de prestamos como 300 soles, 600 soles, 900 soles, 1050 soles haciendo un total de 10,200 soles de prestamos en el Banco Comunal.

Sus prestamos serán invertidos en la arroz, azúcar, aceite, fideo, trigo, cebada, lanas, galletas, caramelos, frutas, verduras.

Los sueños de las socias son tener un carro, sus hijos salgan adelante, brindar una buena educación a sus hijos, construir su casa y tener una tienda estable.



About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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