A loan of $2,675 helped a member for the purchase of clothing, jewelry, livestock and animal feed.

The Women´s Bank Of Faith Group's story

The Women´s Bank of Faith is made up of nine women who live in La Rita, Limón, located near the Carribbean coast of Costa Rica. The loan consultant who has been working with these women describes them as a motivated collection of individuals with the desire and ability to work hard towards the success of the group as well as the overall improvement of living conditions for the members and their families. In general, the main obstacle to the success of these women has been a lack of access to working capital. This loan will enable the group members to invest in their businesses and expand operations.

The women of this group are involved in various productive activities including the rearing and selling of animals (pigs and chickens) as well as commercial and industrial activities. Nuvia, Tania, Yesenia and Lilliana R. have businesses selling clothing in their community. For these women, this loan will be used to finance the purchase of inventory items such as clothing for men, women and children as well as shoes and jewelry.

Lilliana Morin and Doris are in the business of animal rearing. While Lilliana raises chickens and pigs, Doris only handles chickens. For these two loan recipients, this loan will be used to finance investments in livestock, animal feed and construction materials (for the construction of animal pens).
Rita is the elected president of this group. During the week, she takes care of her children and carries out domestic tasks at home. During this time, clients come to peruse various items she has for sale such as clothing, jewelry and shoes. On the weekends, she travels from door to door in her community selling items to clients. Sometimes, her husband goes with her and they travel to neighbouring communities in order to find new clients.

Rita says her main goal is to increase the income generated from her sales business. She says that with more revenue, she will be able to provide a higher standard of living for her family. She would also like to increase the amount of revenue she receives from sales to stores as opposed to individual clients. Rita explained that, like other group members, her main hindrance has been a lack of access to working capital. She says that this loan represents an opportunity to overcome this obstacle.

The members of The Women´s Bank of Faith have been neighbours and friends for a number of years. The group acknowledges the advantages of the group lending model: the ability for each group member to act as a loan guarantor as well as recipient. They also acknowledge the potential disadvantage which could manifest itself if any members have trouble making repayments, as each individual is responsible for all repayments.

In this group: Rita, Lilliana, Yensy, Tania, Doris, Yessenia, Lilliana, Nuvia, Ana Maria
*not pictured

Loan details

Lenders and lending teams

Loan details