A loan of $1,000 helped renovate and equip shop.

Pedro's story

Pedro I. S. lives in Canutillo with his wife Mariledas. Pedro owns the Peluquería Pepe, a barber shop that he built with a previous loan from Esperanza. With this loan, Pedro will renovate and better equip his shop, improving its structure and interior and purchasing tools and materials. Pedro and Mariledas's four children: Rosangelica (11), Pedro Juan (8), Pedro Miguel (7), and Vladimir (6) attend school locally. Like most Dominican boys his age, Pedro Juan dreams of playing baseball professionally. Rosangelica has a dream of her own: she aspires to be an architect.

Note: Pedro is one of five microentrepreneurs in his Bank of Hope solidarity group, all of whom have gone through Esperanza's business training courses. Each of the five members will receive a share of this $1000 loan for their respective businesses and will be accountable to each other for repaying their share of this loan together. This group-lending method strengthens social needs in the community and helps ensure that members cooperate to help one another repay their loans and invest wisely in their businesses and families. As soon as Pedro pays off his current loan with Esperanza, this loan will become active.

Loan details

Lenders and lending teams

Loan details