A loan of $2,900 helped a member to invest in plantain harvesting, catalogue products and the purchase of livestock and animal feed.

The Women´s Bank Of United Women (Banco Mujer Mujeres Unidas) Group's story

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.

In this group: Sara, Lucia, Kenia, Bernardina, Selfida, Tiffany, Jeudy, Keisy

Loan details

Lenders and lending teams

Loan details