A loan of $2,375 helped a member for the purchase of perfumes to sell.

The Women´s Bank Progressing Together (Banco Mujer Avanzando Juntas) Group's story

This group’s name, "Banco Mujer Avanzando Juntas," translates as "The Women´s Bank Progressing Together". The eight women members of this group live in Shiroles, Limón, located in the hot and humid Caribbean region of Costa Rica. This will be the group’s first loan with Fundación Mujer.

The members are engaged in various productive activities. For example, some members are involved in animal rearing. These women will use this loan to invest in the purchase of livestock such as piglets or chicks as well as nutrients to feed them. The rearing and selling of livestock necessitates the construction of a house for the animals. As a result, this loan will also be used to make general investments in the construction of pens for animals. The women who are involved in pig rearing will need at least three months before they can butcher and, in turn, sell their pork products.

Other group members are involved in clothing and catalogue sales. These women plan to use this loan to purchase clothing, cosmetics, kitchen items and various other products, which they will sell to members of their community. Clothing items to be purchased include pants, blouses and children´s clothing.

Some of the women are engaged in the harvest of plantains. For these members, this loan will be used to invest in the purchase of small plantain plants which will be planted for harvest. Due to the abundant amount of wildlife in Caribbean Costa Rica, in order to ensure the quality of plantains, it is necessary to protect them. For this reason, this loan will also be used to purchase protective bags that will be placed over plantains throughout their journey to maturity.

Ingrid M. A. is a 29-year-old mother who lives with her husband, daughter and nephew. Ingrid has a business selling perfumes: she collects orders in the Shiroles community and travels every 15 days to the closest big city (Limón) to make purchases. This loan will be used by Ingrid to purchase perfumes that she will sell in her community.

Ingrid’s main goals are to dedicate as much time as possible to selling perfumes and to provide financial support to her family. She hopes this loan will help her to increase her working capital and put her in a position to purchase more products for sale. She strives to be able to offer her family money when they need it.

Ingrid says that the members of this group have lived in the same region for their whole lives; for this reason, the members know each other well. Additionally, many of the group members are related. She says that she likes the group lending model because it allows the members to assist each other when necessary.

In this group: Ingrid , Jeisel, Rosmeri, Ivannia, Rosalía , Eufemia, Lupe, Liliana

Loan details

Lenders and lending teams

Loan details