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Crecer Group
In this Group: Mary, Clelia, Meyer, Pedro, Luis Jorge, Maria, Nemesia Elsa, Doris Raquel, Lourdes Teresa
Pedro, group President, is 43 years old. He has been collaborating with Edaprospo for two years. Clelia, 58, is group Treasurer and she’s been working with Edaprospo for 9 years. Both are part of the “Crecer” (To Grow) group which was founded 9 years ago.

During its previous cycle it had 10 members. The group formed thanks to the wish several neighbors had to strengthen their friendship and prosper together. The name for the group was Clelia’s idea because the idea was to grow not only economically but as persons too

Pedro has worked in private transport for 8 years and Clelia has sold prepared meals for 10 years in addition to starting a bookstore that she’s been equipping bit by bit. Her income helps her support herself and pay for her back treatments. She hopes to build and improve her house and stock her bookstore. Both are happy for the help they receive from Edaprospo which provides them with capital for their work and they hope their business will grow as well as their credit capacity from Edaprospo.
View original language description ↓
Pedro (presidente del grupo) tiene 43 años D. edad y 2 años trabajando con Edaprospo ,y la señora Clelia (tesorera) tiene 58 años y 9 años trabajando con Edaprospo, ambos son parte del grupo “Crecer” el cual ya lleva 9 años desD. que se fundó, en la última oportunidad fue conformada por 10 personas, además el grupo se formo por la amistad y ganas D. progresar D. los vecinos D. la zona y el nombre fue idea D. la señora Clelia por la idea D. crecimiento no solo en el sentido económico, sino como personas. El Sr. Pedro ah trabajado por 8 años haciendo transporte privado, la Sra. Clelia trabaja ya 10 años en la venta D. comidas, además D. poner una librería la cual está implementando poco a poco, sus ingresos le sirve para mantenerse y pagar el tratamiento D. su columna, espera prontamente construir y mejorar su casa e implementar su librería. Ambos están felices por la ayuda que reciben D. Edaprospo que les brinda un capital para su trabajo y esperan que se les aumente su negocio y la capacidad D. crédito que les brinda Edaprospo.

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

  • $6,715
    Average annual income
  • 105
    View loans »
    Peru Loans Fundraising
  • $54,998,525
    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 $2,150 loan helped a member to buy products and ingredients.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 13, 2010
Listed
Sep 14, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2011