Palave En Accion Group

Nancy is a 36-year old woman who lives with her husband and three children in the community of Palave, a small and impoverished area on the outskirts of the capital of Santo Domingo.

Nancy has a small business selling shoes and clothes to her community. She is requesting a loan so she can have enough capital to buy more merchandise in bulk, and be able to better meet the needs of her clients. Without the loan, she is limited in her ability to buy enough merchandise to earn marginal amounts of money that don’t allow her the room to invest in her business, much less accrue savings for her family.

She hopes this loan will help her move her life forward, so that by the end of the year she will be able to have a much bigger business, help provide better education and school supplies to her three children, and maybe even save enough money so that she and her husband will be able to buy their own home.

On behalf of everyone here at Esperanza International, and from Nancy herself, we thank you for your support with this micro loan!



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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