A loan of $2,125 helped a member to purchase clothes, shoes, perfumes for resale; to purchase livestock; to purchase magazines for resale.

Banco Mujer Eben-Ezer Group's story

The Women´s Bank of Eben-Ezer is made up of 7 women members from Grano de Oro, Limón, located in the Caribbean region of Costa Rica. The name of this group, not to be confused with the name of an unpopular humbugger named Scrooge, was chosen by the members for its symbolic biblical meaning: ¨Hasta aqui nos ha ayudado Dios¨ which translates as ¨God helped us get to this point¨. The loan consultant who has been working with this group describes the women as experienced, enthusiastic, hardworking individuals who seek to improve their family living conditions and offer support to one another.

The members of this group are involved in various micro-entrepreneurial activities including clothing sales, animal rearing and magazine sales. This loan will serve as working capital, used to make general investments in each woman´s individual business. Specifically, this loan will be put towards the purchase of livestock, animal feed, clothing merchandise (sandals, shoes, jewelry) and magazines.

Lucrecia C. V. is the elected president of this group. She is a 54-year-old mother of 5 (and grandmother) who lives with her husband, daughter, and grandson in Grano de Oro. Lucrecia has a retail business. She plans to use this loan to invest in the purchase of merchandise such as clothing, shoes, and perfumes.

Lucrecia says her day starts in the early morning when she rises to take care of household tasks such as taking care of her grandchild, cooking, and cleaning. The rest of her day is dedicated to her business, making sales, collecting repayments or purchasing merchandise. Her long term goal is to own her own store in a central location where she could offer her clients various items to peruse. This would permit her to spend less time in the street, making sales from door to door. Her goals are to achieve economic stability for her family and improve their standards of living.

A major difficulty that has affected her business has been the global economic crisis in the form of a reduction in sales. Lucrecia hopes to overcome this obstacle by expanding her business and securing clients in other communities.

The members of this group have grown to know each other on a deep and personal level. They have lived in the same community for the majority of their lives and are largely neighbors, family members, and friends. Lucrecia says the advantage of the group lending model is the ability of each member to act as a guarantor for another member. She can´t see any disadvantages associated with this loan.

In this group: Lucrecia, Aracelly, Aracelly, Alissa, Johanna, Elieth, Cindy

Loan details

Lenders and lending teams

Loan details