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MicroCredit Enterprises

Juana’s Microloan

When Juana received her first loan of $74 from CRECER, she already had a business plan in mind. She used the money to replace her father’s dilapidated fishing net. A single mother of two, Juana now sells her daily catch from nearby Lake Titicaca on the streets of her village.
Indigenous, a woman, and under-educated, Juana was turned away by conventional banks. CRECER’s loan policy is built on character collateral, requiring only Juana's signature backed by her village group's joint guarantee.

At regular loan repayment meetings, Juana learned to diversify her business. With her most recent loan of $120, she bought raw wool, which she knits into eye-catching sweaters for tourists. She now easily feeds, clothes, and educates her children. With her next loan, she plans to buy more wool and increase the variety of items she knits for tourists.

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