A loan of $1,700 helped a member to buy beans, rice, meats, seasonings, etc.

La Nueva Esperanza 5 & 6 Group's story

Yolanda is the coordinator of her group, La Nueva Esperanza 5 & 6 (The New Hope). She makes her home here in a simple structure with her long-term partner and their three children.

Yolanda is excited to be taking out her 6th loan with Esperanza after having successfully repaid her previous loans and grown her business. She has had her business for over four years, starting with cooking lunch for some people, after which she felt the need to do an activity that generated income.

She plans to use this loan to invest in her business by buying meats, rice, beans and seasonings, which she uses to cook lunch and dinner in her little Comedor. A comedor is a small restaurant located in a non-commercial area, like in the same neighborhood, where people come for a homemade lunch or dinner for a cheaper price than in restaurants or a cafeteria. She will use the profits to invest in her business by buying things it needs and to save to start building her house in the near future.

This Esperanza associate began with us because she wanted a loan to do business. Her story is representative of her group and of Esperanza's Haitian and Dominican clients generally (many of whom recently emigrated to the DR from Haiti). Her group is located in the rural area surrounding Hato Mayor, an agricultural area. This area, like nearly all impoverished areas of the Dominican Republic, suffers from unreliable electricity and running water (none of which is potable).

In this group: Yolanda, Emiliana, Santa, Elinme, Samuel, Marina, Claudia, Miguelina, Sanon, Jeudi

Loan details

Lenders and lending teams

Loan details