100%

funded

Total loan: $1,975

Decadas Group

San Pedro de Macorís, San Pedro de Macorís Province, Dominican Republic / Retail

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A loan helped To buy charcoal to sell to her neighbors.


Decadas Group's story

Milagros P. will be using her loan to purchase charcoal, which she will then sell to her community. Milagros is 56 years old and lives with her husband, one of her four children, and her granddaughter in Punta Pescadora (Fisherman’s Point), a neighborhood on the outskirts of San Pedro D. Macorís, Dominican Republic. Life in the poorer neighborhoods of San Pedro D. Macorís can be very basic: charcoal for heat and cooking, no potable water and unpleasant housing conditions. Charcoal is a valued commodity here and Milagros has had great success as a saleswoman in her community.

Milagros is one of the coordinators for the group "Decadas" and her story is representative of those in her group. She is very thankful for this loan and hopes that with it her business will be successful and grow. Since her granddaughter is still very young, Milagros hopes that she can use her profits to send the child to good schools and give her a step up in society. This is Milagros’s fourth loan with Esperanza and she has a perfect repayment record! Thank you for lending to Milagros and the Decadas group!