A loan of $5,000 helped a member to purchase merchandise such as clothing, sandals, and beauty products.


Banco Mujer Mujeres Esforzadas Group's story

Banco Mujer Mujeres Esforzadas is requesting a loan for eight members who work in the community of Puntarenas (Fray Casiano), which has high levels of poverty. The group of women in that area maintain savings and participate in group activities to earn income. They have been doing this work for eight years, they have requested loans before, and they know about group work. They formed an executive board and are requesting a second loan for Banco Mujer Mujeres Esforzadas. The president of the board rotates; currently it is Herminia, and Katia just left the post.

Their work and effort has allowed them to have their consolidated work, which is the sale of clothing, shoes, perfumes, and other items. The loan will contribute to improving the working conditions of the group. It will allow them to invest for mid-year, increase their inventory, and cover orders for mid-year vacations and Father's Day.

They collect money for their repayment weekly, which allows them to have a larger payment margin.

Some of these women are the heads of their household. This is the case of Herminia, who works selling food in the area. She also sells clothing which she brings to San José and makes trips to the Panama border. She is supported by her husband and she maintains a large customer base. She is 52 years old and is a hardworking woman who is respected in her community. In addition to taking care of her work in the afternoon, she also sees her children and attends group meetings.

Their objectives are to improve the conditions of their businesses, obtain a loan that meets their needs and supports development in their area, and improve their families' quality of life. The name of the group, Strong Women, motivates them to be better every day.

In this group: Herminia , Elibania , Kattia , Evelyn , Diana , Kenyi , Grettel , Maribel

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Translated from Spanish by Kiva volunteer Eileen Lloyd



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