Total loan: $6,950

Banco Mujer Emprendedoras Group

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Puntarenas, Fray Casiano, Provincia de Puntarenas, Costa Rica / Retail

Banco Mujer Emprendedoras Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!

A loan helped to buy sandals, clothing, beauty products, and general merchandise.

Banco Mujer Emprendedoras Group's story

Banco Mujer Emprendedoras

Fray Casiano, Puntarenas

The communal bank Mujer Emprendedoras [Entrepreneurial Women] presents its third loan request. This group consists of 9 women who have worked for 8 years as an organised group in Fray Casiano, an area of great poverty in Puntarenas, in the central Pacific region of Costa Rica. They have shown a good understanding of the concepts of group work: solidarity, saving, as well as coordinating activities to generate funds. They have clear rules on the work. The women have asked for loans and understand the working of the group model. They have a board of directors and the documents were prepared to request this third loan, to have one new companion join who had participated in the first loan with Fundación Mujer, as well as have one woman leave who took part in the former loan with the communal bank Mujer Emprendedoras. Their hard work and effort has allowed each of them to be better street merchants; this fact was evidenced during a visit with each one of the members.

Yesenia is a member of the group and she will invest her loan in buying sandals, clothes, beauty products and general merchandise, thus increasing her inventory and meeting orders placed during Christmas and New Year, which is a great opportunity for sales. In addition, these women sell food and raffles, which allows them to increase their saving and support their family with the household costs and with their children's education, since the majority of the members are single mothers and heads of their household, and their economic support is very important to their own quality of life as well as to that of their sons and daughters.

Yesenia is a tenacious woman and, thanks to the internal organisation of the group, she manages the weekly repayments which allows them more leeway to obtain money for repaying the loan. She is the president of the group and they consider her a good leader and hope to get this loan in order to continue growing daily. They are hard-working women who have managed to succeed and improve their families' incomes by means of this group. They support their children's studies and support their partners with the family costs. They have managed to make their presence felt in the area where they live and are known for their weekend activities, when they sell food in the community. This gives work to others (mainly family members) through the preparation of these dishes which are typical of the coastal area of Costa Rica. They include vigorón (boiled yuca or cassava mixed with crunchy pork rinds and covered with a spicy cabbage coleslaw). traditional pig soup, shellfish and tamales, which is a sort of steam-cooked corn dough and often served at Christmas.