A loan of $4,100 helped a member to construct 20 more inverters.

La Union Lo Vecino 1, 2, & 3 Group's story

Ramon C. R. is a borrower from the city of San Pedro de Macoris in the Dominican Republic. He is the coordinator for his group of borrowers, and his story represents similar businesses run by others in his group. Ramon is 35 years old, and has an 8 year old son, a 3 year old daughter, and a brand new baby girl who is just one month old. Ramon lives with his children in a home he rents on the bottom floor of his building. He also rents space for his shop in the same building.

Ramon is an electrician who builds inverters for his community. He has run his own business for the last four years, and hopes to continue expanding in the future. Power outages, humidity, and older electronics mean that his skills as an electrician are needed frequently. With this loan, Ramon hopes to build 20 electronic inverters that he can sell to his customers. This will increase his profit margin and allow him to expand his business.

In the past, Ramon's only loan options charged him huge amounts, as much as 20% per week. These loans were not feasible for him, but now through Esperanza his loans have become extremely helpful. In the future, he hopes to expand his business by hiring an employee and expanding his business to the sales of batteries and other electronics. This is Ramon's second loan through Esperanza, and he hopes that it will not be his last.

In this group: Ramon, Nancy, Alejandrina, Andreyna, Bernabela*, Teodocia, Teodoro, Jose, Germitania, Jose, Reyna, Alexandra, Ysanta, Cristino, Mercedes
*not pictured

Loan details

Lenders and lending teams

Loan details