Total loan: $3,475

Primera Esperanza 2 & 3 Group

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Hato Mayor, Hato Mayor, Dominican Republic / Retail

Primera Esperanza 2 & 3 Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!

A loan helped To buy perfume, cosmetics, underwear, etc.

Primera Esperanza 2 & 3 Group's story

Rosa is a member of the group Primera Persona 2 & 3 ("First Person"). She makes her home in a simple structure with her long-term partner and three of her four children. She says that her most difficult challenge is to build her house. In the meantime, she plans to continue enjoying her business. Rosa is excited to be taking out her 11th loan with Esperanza after having successfully repaid her previous loan and grown her business. She has had her business for five years, starting with her first Esperanza loan. She plans to invest this loan in her business by buying perfume, cosmetics, underwear, etc. She will save the profits to pay for her children's transportation (they attend university in another city and they have to travel weekly). Her story is representative of her group and of Esperanza's Haitian and Dominican clients (many of whom recently emigrated to the DR from Haiti) generally. Her group is located in Hato Mayor, an area famous for agricultural activities and the rural scene. This area, like nearly all impoverished areas of the Dominican Republic, suffers from unreliable electricity and running water (none of which is potable).