Karina Altagracia and her husband raise their three young children, Jesibel, Alexia and Wilber; ages 5, 3 and 2, respectively. In order to provide for their children, Karina opened up her own beauty salon out of their home in a rural town called Los Guayacanes in the province of San Pedro de Macoris.
This loan will allow her to purchase a new hair styling machine as well as additional materials for her new business. Karina currently has only one machine for many clients and would like to hire an employee to run the extra chair and styling station that she will be able to purchase with this capital.
NOTE: Karina is a member of a Bank of Hope - a group of Esperanza micro-entrepreneurs in her community who help each other through the business management and loan repayment process. Karina and four other members of his solidarity group will be responsible for utilizing and paying back this loan of $1,000 together. Their respective businesses will each receive a share of the loan.
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Success!! The loan was 100% repaid