CRECER

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Crecer
Headquarters Location: La Paz, Bolivia
Founded: 2007


Mission: Crecer is providing excellence and warmth, integrated financial products development services to improve the quality of life preferably women and their families.


Tags: 2012, international, microfinance, bolivia, financial services, health, financial services


Crecer
Story: 2011 was great for CRECER, while much of the microfinance industry seemed to remain focused on generating profits, CERCER , guided by its social mission, reduced the interest rate it charges its clientele, while maintaining healthy profitability. This was the… Read the full story.

Expert Reviews: Evidence of Impact
CRECER offers an impressive level of support, both in terms of the number of people they reach and the array of services they offer. They not only offer financially related services, like micro-financing and financial literacy, they also offer many non-financial support services to deepen their impact. CRECER does extensive work in rural, under-served areas where there are fewer support services.
See the complete expert review.

Leadership
Crecer José  Lema Auad. A graduate in economics from the Universidad Juan Misael Saracho with Development Master of Science, Major in Agricultural Development Planning and Post Degrees in Agricultural, Local Economic Development, Diploma in Management of Microfinance Institutions and Management Coach. He attended various seminars, national and international, related to representing microfinance institutions where work performance. University teaching experience at universities in Tarija, Chuquisaca… See full bio.


Financial Data
Charity Navigator Rating: 1stars (profile)
Total Revenue:


From the Nonprofit
The nonprofit has not added any comments yet. If you are a representative of this nonprofit and would like to leave a comment, please email us at feedback@myphilanthropedia.org with your request.


Contact Info
E-Mail:
Phone:
(591-2) 2114040
Facebook:
Follow_fb
Address:
Medina Priest No. 2931 esq. Psje. Lastra
 
La Paz, Bolivia


Crecer Story: 2011 was great for CRECER, while much of the microfinance industry seemed to remain focused on generating profits, CERCER , guided by its social mission, reduced the interest rate it charges its clientele, while maintaining healthy profitability. This was the best proof of our institution's commitment to the disadvantaged.

Always thinking about their customers and their needs, the fact envisaged various financial services institution and development, the latter were focused on the health of women.

Expert Reviews of CRECER

Evidence of Impact Summary:

CRECER offers an impressive level of support, both in terms of the number of people they reach and the array of services they offer. They not only offer financially related services, like micro-financing and financial literacy, they also offer many non-financial support services to deepen their impact. CRECER does extensive work in rural, under-served areas where there are fewer support services.
See expert comments.

Organization Strengths Summary:

Experts point out that CRECER has strong leadership that has been particularly helpful with the organization’s growth and outreach. Another notable asset for CRECER is their target population. There is work in rural Bolivia, where they reach out to un-served and underserved populations. CRECER is dedicated to bringing financial and non-financial services to their clients.
See expert comments.

Areas for Improvement Summary:

Experts agree that CRECER should work on developing products that are more responsive.to the market. They could do this by offering more competitive rates and also by better adapting their products to the changing needs of their clients. They could also benefit from more resources for expansion. Specifically, they could improve their portfolio and open new branches.
See expert comments.

Expert Comments: Evidence of Impact

Select the boxes to display the results according to expert type.

Show:
X
Foundation Professionals (F)
X
Researchers and Faculty (R)
X
Nonprofit Senior Staff (N)
X
Other (consultants, journalists, policy makers) (O)

Comprehensive Support

N
Their impact and client satisfaction surveys continually demonstrate the value that their services bring to their clients. They add value through microfinance, health, business, financial education, and important health services and linkages. They serve some of the most rural clients in Bolivia and meet more than their financial needs.
O
Their impact can be seen in their extensive coverage in rural areas, number of clients, the fact that they offer several financial and non-financial services, and in the "graduation" of their customers. CRECER is the biggest microfinance institution in Bolivia. The institution supports women in rural areas. This work is especially difficult in Bolivia due to problems arising from inadequate communications infrastructure and poor access to rural areas.

Reaching Many

N
CRECER is the biggest institution dedicated to micro-credit, with over $30 million in their portfolio.
O
They have impressive growth and outreach. They are expanding their services to several geographically under-served areas.

Setting the Example

N
CRECER shows that microfinance can be profitable in rural Bolivia while providing health services.
N
CRECER has provided a guiding, influential example of microfinance in action, but solely in Bolivia. CRECER's example has been very influential in the promotion of microfinance plus by the Microcredit Summit Campaign, and it was recognized by the InterAmerican Development Bank as the best unregulated microfinance institution in Latin America in 2004.


Expert Comments: Organization Strengths

Select the boxes to display the results according to expert type.

Show:
X
Foundation Professionals (F)
X
Researchers and Faculty (R)
X
Nonprofit Senior Staff (N)
X
Other (consultants, journalists, policy makers) (O)

Reaching Under-Served Communities

N
CRECER's leadership adapts to the needs of their clients and ensures they have the systems in place to focus their efforts on the un-served and under-served rural populations in Bolivia.
N
They mastered the community loan technique, rather than focusing on individuals. They also give priority to the rural areas of Bolivia.

Strong Leadership

O
Their strong leadership has helped with their growth and outreach. Plus they have great staff and well-managed marketing and operations-related activities.

Double Bottom-line

O
CRECER's organizational strengths are their leadership, staff, and the financial and non-financial education given to customers. They have strong Return on Equity (RoE) and Return on Assets (RoA) ratios. CRECER has developed various financial products to meet the demands of customers. The microfinance institution has a highly qualified staff, as well as a Board composed of professionals and prestigious people in Bolivia.
N
CRECER has a strong model with strong evidence of impact in the Bolivian market. It has competent leadership and a clear focus on meeting its clients' needs.


Expert Comments: Areas for Improvement

Select the boxes to display the results according to expert type.

Show:
X
Foundation Professionals (F)
X
Researchers and Faculty (R)
X
Nonprofit Senior Staff (N)
X
Other (consultants, journalists, policy makers) (O)

Be Market Responsive

N
They need to make their financial products more responsive to the competition in the market.
N
Crecer can definitely lower its interest rates.
O
They could add better services that reflect the needs and economic situation of their clientele. If twenty years ago some services were in demand, today maybe those services aren't relevant anymore. There is the need to listen to the demand, do the necessary adjustments, and accommodate accordingly.

Need More Resources

O
They would benefit from additional financial resources to increase and improve their portfolio, and to open new agencies and branches.

Engage Globaly

N
CRECER generally keeps its model and learning to itself, and could contribute more by engaging more in discussions on a global level.
N
CRECER's leadership is limited to speaking to Spanish-speaking audiences, which means that its global influence has mainly been through other actors in the global policy debates.


Leadership

Crecer
José  Lema Auad
General Manager
A graduate in economics from the Universidad Juan Misael Saracho with Development Master of Science, Major in Agricultural Development Planning and Post Degrees in Agricultural, Local Economic Development, Diploma in Management of Microfinance Institutions and Management Coach. He attended various seminars, national and international, related to representing microfinance institutions where work performance. University teaching experience at universities in Tarija, Chuquisaca and AFIN Center. Experience over 20 years working in financial institutions and state institutions. The latter, he was Deputy Director and Executive PROFIN-SDC for a period of 5 years, Program Officer Tarija Peasant Development Fund for a period of 2 years and various positions in CODETAR for a period of 13 years, stagnant Managements Units and Administrative Director. He currently works since January 2008 as General Manager of GROW.

From the Nonprofit

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