A loan of $1,050 helped a member to buy prepaid cell-phone cards.

Esperanza Y Esfuerzo 3 Group's story

Estela is a borrower from Consuelo, a small town on the outskirts of San Pedro de Macorís, Dominican Republic. Estela is the coordinator for her group, Esperanza y Esfuerzo 3 (Hope and Strength), and her story is representative of those in her group.

Estela is 64 years old, and lives with her husband and her granddaughter. Estela owns a small colmado, what the locals call a small general store. Colmados can sell anything from laundry detergent to soft drinks, and typically there is one on each street in a neighborhood. Estela sells several things in her colmado, including medications, clothing, and foods typical of the Dominican cuisine such as rice, beans, bread, and oil for cooking.

Estela is very thankful for this loan, her fifth with Esperanza. She has a perfect track record so far, and the experience with her loans is helping her to expand her business. With this loan, Estela is going to purchase prepaid cell-phone cards to sell to people in her neighborhood. Rather than having cell-phone “plans”, most Dominicans use prepaid cards, so her products will be in high demand.

Estela has already helped her daughter attend university, and she hopes that this loan will help her granddaughter have the same future. Thank you for lending to Estela and the Esperanza y Esfuerzo group!

In this group: Estela, Juan, Rafaela, Carmen, Santa

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