Total loan: $2,700
La Fe 123 Group
La Romana, La Romana, Dominican Republic / Food
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La Fe 123 Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to buy oranges, sugarcane, popcorn and chicken.
La Fe 123 Group's story
Margarita is a single mother with four children. She is the coordinator of her group L. Fe (The Faith), and her story is representative of her group and of Esperanza's Haitian and Dominican (many of whom recently emigrated to the DR from Haiti) clients generally. Her group is located in the agricultural areas surrounding L. Romana, where the economy focuses on the sugarcane harvest, and where running water (none of which is potable) and electricity are unreliable. She and her children make their home here in a simple structure. Margarita runs an ambulatory food stand which sells oranges, popcorn, sugarcane and chicken. She is excited to be taking her second loan with Esperanza after having successfully repaid her previous loan and expanded her business. She plans to use this loan to invest in her business by purchasing more merchandise. She will use the profits to invest in her family (by purchasing food and clothing) and in her business (by saving towards one day opening a small corner store). She thanks you all for your support.