100%

funded

Total loan: $1,875

Banco Mujer Mujeres Esforzadas Group

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

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


A loan helped to buy ingredients for baking and pastries as well as merchandise such as clothing, shoes and other.


Banco Mujer Mujeres Esforzadas Group's story

Banco Mujer Mujeres Esforzadas (Hardworking Women's Group) Fray Casiano Puntarenas Banco Mujer Mujeres Esforzadas presents the loan request of three members, who work in a community in Puntarenas (Fray Casiano) with high poverty levels. The group of women in the zone keep savings and participate in group activities to generate income. They have done the same work for eight years, they have requested loans, and they know how to work in a group. They have formed a Board of Directors and created the 4th loan request from Banco Mujer Mujeres Esforzadas. Katia is currently the president. Their work and effort have allowed them to consolidate their activities, such as trading in general (selling clothing, shoes, perfumes, etc). The loan will go towards improving the group's working conditions. It will allow them to invest for Christmas season and New Year's, increasing their inventory and covering orders for the vacation season that extends to April, in the Pacific Coast region of Costa Rica. They collect the payments weekly, which allows them to have a larger margin payment period, and they commit to paying off the loan within 12 months. Some of the women are heads of household; such is the case of Evelyn, who works in a bake shop. This will be her third loan. She has been able to promote her baking products in the community, making new clients and her profits have increased considerably. She is supported by her husband and keeps a long list of clients. She is 32 years old, a hardworking woman, and respected in the community. Apart from working in the afternoons, she also sees her children and attends the group meetings. The objective is to improve the conditions of their businesses. Getting a loan that matches their needs, contributes to the development of the area, and, of course, improves the quality of life of their families. The name of their group motivates them to be better every day, Mujeres Esforzadas (Hardworking Women).