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CRECER Commitment focuses on women and movement above national poverty line

The Microcredit Summit Campaign welcomes CRECER Bolivia as the 53rd organization to make a Campaign Commitment, joining a global coalition to help 100 million families lift themselves out of extreme poverty. CRECER ensures, among other services, that by the end of 2015, 25 percent of their female clients will have been screened for cervical cancer for a total of 32,000 women screened in the first year. Further, CRECER will use the PPI to measure the progress of their clients as they raise their incomes above the national poverty line.

Microfinance clients and their children will benefit from CRECER’s continued prioritization of services for female clients. Photo courtesy of CRECER Bolivia
Microfinance clients and their children will benefit from CRECER’s continued prioritization of services for female clients (Photo credit: CRECER Bolivia)

"We focus on a very vulnerable population, such as women in rural areas who, while truly experiencing poverty, are heroines in their daily struggle"

Washington, D.C. - May 13, 2015: The Microcredit Summit Campaign welcomes CRECER Bolivia as the 53rd organization to make a Campaign Commitment, joining a global coalition working to help 100 million families lift themselves out of extreme poverty.

The Microcredit Summit Campaign's 100 Million Project is building a movement among financial service stakeholders committed to helping to end extreme poverty through: public statements of commitment to action, expanding practices to reliably measure movement out of extreme poverty, and promoting innovations and best practices to accelerate movement out of poverty.

CRECER commits to support the movement of helping 100 million families lift themselves out of extreme poverty in the following ways:

  • Continue to prioritize services for female clients: CRECER has 152,000 clients and will grow 3 percent per year to reach 166,000 clients by the end of 2017 while maintaining a rate of 80 percent women clients.
  • Clients in rural areas: Maintain a rate of 56 percent of total clients living in rural areas.
  • Strengthen financial education targeted towards women: By the end of 2015, have 75,000 female clients attend financial education events.
  • Support cervical cancer prevention: By the end of 2015, 25 percent of female clients will be receiving preventive screening each year, and it is expected that approximately 32,000 will benefit from this screening by the end of 2015.
  • Improve the quality of life: Of CRECER’s 152,000 clients, at least 65 percent live on less than double Bolivia’s poverty line ($2 per person per day), which is to say they live on less than $4 per day per person, while 41 percent are below the national poverty line. Our goal is that 10 percent of clients who are currently below the national poverty line raise their incomes from less than $2 to at least $4 per day, thus surpassing the poverty line. This process will be monitored with the Progress out of Poverty Index (PPI).

"Being a part of the Campaign…coincides with CRECER’s institutional philosophy," said CEO José Auad. "We are mindful of the responsibility that this signifies, as well as the responsibility we take on through the Commitment, for our fight against poverty began more than 25 years ago. We focus on a very vulnerable population, such as women in rural areas who, while truly experiencing poverty, are heroines in their daily struggle. We are convinced that by joining efforts and taking action…, we will reach the great goal of helping 100 million families around the world." Read the CRECER Bolivia Campaign Commitment letter.

The Campaign looks forward to welcoming CRECER in the global coalition to end poverty and sharing their progress towards the Commitment achievement at the 18th Microcredit Summit. For more information on Commitments and the 100 Million Project, click here or write to mycommitment[at]microcreditsummit[dot]org.

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The Microcredit Summit Campaign
The Microcredit Summit Campaign (the "Campaign"), a project of RESULTS Educational Fund, is the largest global network of institutions and individuals involved in microfinance and is committed to two important goals: 1) reaching 175 million of the world’s poorest families with microfinance and 2) helping 100 million families lift themselves out of extreme poverty. The 100 Million Project, focusing on Goal 2, was launched in response to World Bank President Jim Yong Kim’s call to end extreme poverty by 2030 and in recognition that full financial inclusion can only be achieved by targeting the extreme poor. The coalition of Campaign members announcing Commitments is aimed at motivating microfinance stakeholders to provide products and services that reach the extreme poor and facilitate their movement out of poverty.

CRECER Bolivia
Crédito con Educación Rural (CRECER) is a development financial institution that provides financial and educational services to low-income women in Peru, in order to improve their quality of life and their families. It was founded in 1999 and its mission is to provide excellence and warmth with integrated financial products development services to improve the quality of life preferably women and their families. www.crecer.org.bo


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