Total loan: $1,875
Luz De Fe 1,2 Group
Los Alcarrizos, Santo Domingo, Dominican Republic / Clothing
Flag of Dominican Republic
Luz De Fe 1,2 Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped Hair products, clothes and accessories for resale.
Luz De Fe 1,2 Group's story
Francisca is the coordinator of her group Luz de Fe (Light of 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 Los Alcarrizzos, a dusty industrial town north of the Capitol, where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple, rented structure with her long term partner and their three children. Francisca is excited to be taking her first loan from Esperanza and she is excited at the opportunity to grow her business and have access to low cost capital. She plans to use this loan to invest in her business running a fantasia, small store which caters towards women, by investing in merchandise such as blouses, jeans, hair products and accessories. She will use the profits to invest in saving towards the future of her children who she wants to send to University and being able to purchase her own home. She thanks you all for your support.