For around twenty years Mercedes has operated a colmado, a shop where you can find basic food staples. Colmados are within short walking distances from neighborhood homes. Mercedes started her business with her savings. She plans to use this loan, her seventh, to buy rice, flour and other foods. She will use the profits to reinvest in her business. She is one of our entrepreneurs who has had her business improved through an individual loan.
Mercedes says that her biggest challenge is to buy a vehicle. In the meantime, she plans to continue enjoying doing business and spending time with her family. Mercedes’ story is generally representative of her group and of Esperanza's Haitian and Dominican clients, many of whom recently emigrated to the Dominican Republic from Haiti.
About Dominican Republic
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Success!! The loan was 100% repaid