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Crecer Group
In this Group: Clelia , Pilar Alina, Nemesia Elsa, Mary, Meyer, Pedro*, Luis Jorge , Maria, Doris Raquel, Lourdes Teresa
* not pictured
The members of the community bank "Crecer" (to grow) work at different activities in retail sales. Such is the case with Pilar, who through much effort was able to obtain a stall in the market in the area where she lives. She sells ceramics such as plates, cups, and other products that her customers ask for. She will invest her loan in the purchase of products to increase her stock.

Some years ago, Clelia provided daily meals at a factory, but the earnings were not sufficient to proviD. for her children, so she decided to open a bookstore in the market, so that she would be able to support the education of her children.

Elena sold gas for a number of years. She tells us that she invested the little she earned so that she would have a larger quantity of products.

Elsa sells soft drinks at her house in addition to a set menu every day of the week. This permits her to contribute to the family expenses, since they have children of school age.

The goal of the members is to improve their families' economic situations, and thus they are thankful for the loans and want to continue working with EDAPROSPO and Kiva.

About EDAPROSPO: EDAPROSPO seeks to use micro-credit to foster productive commercial activity for the sake of economic and social development within vulnerable urban and rural sectors traditionally neglected by commercial banks. By offering innovative products such as technical education loans and microfinance groups for young persons, EDAPROSPO helps disadvantaged Peruvians lift themselves out of poverty.
View original language description ↓
Los socios D. Alcancía Comunal "CRECER" se dedican a diversos actividades D., comercio minorista, Tal es el caso D. Pilar que con mucho esfuerzo pudo obtener un puesto en el mercado por donD. ella resiD., se dedica a la venta D. locería como son platos, tazas y otros productos que solicitan sus clientes. El préstamo recibido lo invertirá en la compra D. productos para ampliar su stock.
Clelia da pensión alimenticia diariamente hace varios años para una fábrica, pero las ganancias no eran suficientes para mantener a sus hijos así que decidió aperturar una .librería bazar para así poder apoyar para la educación D. sus hijos.
Hace varios años Elena se dedica a la venta D. gas, como ella nos comenta que lo poco que gana lo vuelve a invertir para tener mayor cantidad D. productos.
Elsa venD. refrescos en su casa además D. menú toda la semana esto le permite aportar con los gastos D. su familia ya que tiene hijos en edad escolar.
Los socios tienen como objetivo la mejora D. su situación económica familiar, así que agradecen los prestamos y desean seguir trabajando con EDAPROSPO y KIVA. About EDAPROSPO: EDAPROSPO seeks to use micro-credit to foster productive commercial activity for the sake of economic and social development within vulnerable urban and rural sectors traditionally neglected by commercial banks. By offering innovative products such as technical education loans and microfinance groups for young persons, EDAPROSPO helps disadvantaged Peruvians lift themselves out of poverty.

Additional Information

About EDAPROSPO

EDAPROSPO seeks to use micro-credit to foster productive commercial activity for the sake of economic and social development within vulnerable urban and rural sectors traditionally neglected by commercial banks. By offering innovative products such as technical education loans and microfinance groups for young people, EDAPROSPO helps disadvantaged Peruvians lift themselves out of poverty.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Peru

  • $12,000
    Average annual income
  • 127
    View loans »
    Peru Loans Fundraising
  • $57,362,325
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A portion of Crecer Group's $2,500 loan helped a member buy products for retail sale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2010
Listed
May 2, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2010