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The Women´s Bank Of United Women (Banco Mujer Mujeres Unidas) Group
In this Group: Sara, Lucia, Kenia, Bernardina, Selfida, Tiffany , Jeudy, Keisy
The Women´s Bank of United Women (Banco Mujer Mujeres Unidas) Group is comprised of eight women members from Bratsi, Limón, a rural area located in the Caribbean region of Costa Rica. Each member has applied for a loan of 200,000 colons which will be used to make general investments in the expansion of their productive activities.

The women of this group are engaged in various entrepreneurial projects including plantain harvesting, the rearing and sale of livestock (poultry products) and the purchase of catalogue products for resale.

Specifically, this loan will be used to finance the purchase of all necessary materials, nutrients, and equipment that are used to plant and harvest plantains. Additionally, this loan will be used to increase working capital and facilitate the purchase of various household and clothing products which will be sold at a later date in the Bratsi community. Finally, this loan will enable group members to buy livestock (chickens) and animal feed to ensure the good health of animals and, in turn, guarantee a high quality final product.

According to the group, a common goal is to secure a steady stream of revenues in order to maintain a constant level of working capital. This will allow the women to continually re-invest in their businesses and attract new clients. The women hope to increase sales so they will be able to use the revenues to help pay for their children´s studies.

The women of this group face many obstacles. The lack of job opportunities in Bratsi has led the members to take it upon themselves to create a way to make a living. The hot and humid climate of the Caribbean region creates an environment where livestock become susceptible to diseases. Maintaining the health of their animals has been a constant struggle for the members of this group. For the women involved in the planting and harvest of plantains, flooding has caused problems. As they cannot predict when a flood might occur, their livelihoods are at the mercy of Mother Nature.

A major obstacle for all the women of this group has been a lack of financial resources to develop their entrepreneurial activities. This loan will help extend the reach of financial services to a poor community of hardworking women.

The name of this group, ¨United Women¨, symbolizes the philosophy of solidarity and support expressed amongst members. These women have banded together because, they say, ¨individually it would be more difficult for us.¨

Sara M. G. is the president of this group. This will be her second loan with Fundación Mujer. Sara is in the business of rearing and selling chickens and eggs. She plans to use this loan to invest in the purchase of livestock and animal feed in order to expand her business and sell more poultry products.

Additional Information

More information about this loan

In Costa Rica, funding for microfinance institutions is hard to come by, and many institutions find themselves having difficulty growing and reaching all the demand for loans that exist. Kiva works with Fundacion Mujer because it attends a very marginalized population in Costa Rica, with a specific focus on women. In addition to the loan, Fundacion Mujer provides specialized training programs for their borrowers on everything from computer classes to salon training. Because of the difficulty in obtaining capital in Costa Rica, Fundacion Mujer cannot serve all the women that need loans. Therefore Kiva plays a unique role in helping Fundacion Mujer grow its portfolio and reach borrowers it otherwise would not be able to.

About Fundacion Mujer:

Fundación Mujer is an organization specializing in the financial and personal development of female entrepreneurs in Costa Rica. They seek to reach underserved populations that may include indigenous communities, immigrants, refugees, victims of domestic violence or women living with HIV/AIDS. Fundación Mujer offers courses in both business and personal development, as well as training in concrete skills such as sewing and other crafts.

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 Costa Rica

  • $12,900
    Average annual income
  • 16
    View loans »
    Costa Rica Loans Fundraising
  • $4,502,650
    Funds lent in using Kiva
  • 553.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of The Women´s Bank Of United Women (Banco Mujer Mujeres Unidas) Group's $2,900 loan helped a member to invest in plantain harvesting, catalogue products and the purchase of livestock and animal feed.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 24, 2010
Mar 3, 2010
Currency Exchange Loss:
Apr 4, 2011