A loan of $2,550 helped a member for the purchase of raw materials needed for bread-making, sewing, and to purchase clothing and jewellery.

The Women´s Bank In Search Of Success (Banco Mujer En Busca Del Éxito) Group's story

This group's name translates as ¨The Women´s Bank in Search of Success¨(Banco Mujer en Busca del Éxito). The 7 group members live in Pococi, Limon, a rural region located near the Caribbean coast of Costa Rica. The women in this group are involved in various entrepreneurial productive activities including: clothing and jewellery sales as well as sewing and bread-making (and selling). This loan will be used to make general investments conducive to the expansion of business activities by purchasing clothing, jewellery, and materials necessary for bread-making and sewing clothes. The group members engaged in clothing sales contact suppliers, make clothing purchases and sell clothes to members of the Pococi community. The other members produce clothing and bread in their homes to sell at a later date.

Some of the members engaged in bread-making aspire to one day open their own bakery. In general the group hopes this loan will assist them in improving their standard of living; specifically, the members would like to be able to invest in a higher level of education. A main obstacle for the members of this group has been the lack of available financial services in their community. This loan will extend the reach of business loans to a group of hard-working entrepreneurs living in a poor Costa Rican community.

The Women´s Bank in Search of Success was formed in July of 2009. This loan will be the group's second with Fundación Mujer. The loan consultant who has been working with the group members over the past 7 months describes these women as hard-working, entrepreneurial-minded individuals who aspire to improve living conditions for themselves and their families. The women work together well and have exhibited responsibility and punctuality with respect to past loans.

In general, there is ample demand for the products sold by the women of this group. The members have successfully used their first loan to build their client base. They are happy and excited to now be applying for a larger loan amount than they have in the past.

For the members, the name of this group symbolizes the possibility of succeeding in life and the goal of becoming self-sufficient.

In this group: Idalie, Jaidy, Maria Betty, Alicia, Aida Luz, Lidieth, Flor Mº

Loan details

Lenders and lending teams

Loan details