Total loan: $2,400

Union Con Esperanza 1 & 2 Group

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Puerto Plata, Puerto Plata, Dominican Republic / Arts

Union Con Esperanza 1 & 2 Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!

A loan helped To buy paint, plaster and plates.

Union Con Esperanza 1 & 2 Group's story

Jefrica is one of the members of the “Union con Esperanza 1 y 2” (Unity with Hope 1 and 2) group which has 10 members who sell clothes, cosmetics, shoes, vegetables, etc. She is a young, 22-year-old, single mother who spends her time studying, tending to her business and caring for her young baby. She tells us that her most difficult challenge has been raising her daughter by herself without a father by her siD.. Jefrica is very excited about receiving her third loan from Esperanza Internacional after having repaid her previous loans satisfactorily and taken another step towards her business’ growth. She has had her business for about 8 months. She started it after taking some crafts courses. She used to sell clothing and cosmetics but after taking the courses she recognized a better opportunity in developing this business. Jefrica is planning to invest her new loan buying materials to make crafts. Her plan is to buy plaster, paint and clay plates that she plans to decorate with various motifs. She will use her profits to save up so that she can rent a locale shortly for her business and be able to display and sell her works. Her dream is to have her own place for her business and she plans to reach it through effort and by getting more loans. This Esperanza associate started with us because she needed to develop a business that allowed her to care for daughter and still earn income. Her story is being used to exemplify her fellow group members as well as all Esperanza’s clients both the Haitians (who for the most part have emigrated to the Dominican Republic from Haiti, some of them recently) as well as the Dominicans who for the most part live in very poor areas, like this zone, and many others in the Dominican Republic that are poor in resources; they lack drinking water and reliable electric service. This group is located in an area of poor resources called Puerto Plata, a city whose economy depends on real estate and tourism although the latter has been overshadowed recently by the emergence of newer tourist areas.