A loan of $2,500 helped a member buy products for retail sale.

Crecer Group's story

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.

In this group: Clelia , Pilar Alina, Nemesia Elsa, Mary, Meyer, Pedro*, Luis Jorge , Maria, Doris Raquel, Lourdes Teresa
*not pictured

Translated from Spanish by Kiva volunteer Pam McMurry

Loan details

Lenders and lending teams

Loan details