La Superacion Grupo 1 Group

Miguelina Alcala is new to Esperanza, but has heard about the successes of the program from some of her neighbors. She earns a living by selling used clothes from her home, and she began to realize she was having a difficult time growing her business to any substantial amount. At the same time, she saw her neighbors who were using Esperanza were able to invest a significant amount of money in their businesses and they were seeing them flourish.

Currently, Miguelina is only able to purchase a limited amount of clothing, which prohibits her from taking any large steps in successful development. It may come as a surprise to some, but the business of selling used clothes is a huge business. Thousands if not millions of Dominicans rely on used clothes for the clothes on their back. This is one of the reasons Miguelina believes she will be successful with a loan to grow her business.

Miguelina hopes that in the future she will succeed with this first loan, and she will be able to move on with no end in sight. Her dream is to someday own her own store, selling not used clothes but new, fashionable clothes. She sees Esperanza as the only way she can get on this path.




About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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