Jehova Es Mi Pastor 1-3 Group

Dernita Joseph is a Haitian immigrant who lives in La Caleta, a town in the outskirts of Boca Chica. Boca Chica is known for having white soft sand, and the water is calm, clear and shallow. But tourists don’t normally see those that are trying to survive in the nearby communities. Especially now in the down-turning economy many are left without employment because businesses keep on shutting their doors. Dernita has been able to survive because 13 years ago she started her own business. She sells clothes and basic food products from her house. Currently her colmado sells rice, beans, sugar and flour, but does not sell fruits and vegetables. With this loan she hopes to attract new customers by expanding to also sell fruits and vegetables.

Prior to 2006, when she was still not an Esperanza client, Dernita realized that a lot of the time when she found herself out of money to re-stock she would borrow money from local lenders. The local lenders charge a 20% interest rate per week! Esperanza charges a 2% declining-balance interest rate every two weeks, 4% a month. Esperanza also helps its clients with complimentary services such as savings account, medical and life insurance, literacy courses, and business management training, just to name a few.

Please strongly consider loaning to Dernita and her group. She deserves a fair interest rate and an opportunity to grow her business. Esperanza thanks you for your time and consideration.




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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