A loan of $2,575 helped a member plantains, Name and booklets.

Paz Y Fe 1 Group's story

Yrma is the coordinator of her Banco D. Esperanza (Bank of Hope) Paz y Fe (peace and faith.) Her story is representative of both the members of her group and Eseperanza's Dominican and Haitian (many of whome recently emigrated to the DR from Haiti) clients. Her group is based in the Samana peninsula in the east of the Dominican Republic, where running water (none of which is potable) and electricity are unavailable. Here she makes her home with her husband and five children in a simple structure comprised of wooden walls and a tin roof which she owns but does not have title to.

Yrma originally came to Esperanza over six loan cycles ago for the purpose of improving her business and she has proved herself very successful as an associate of Esperanza, repaying on time every time. She will use this new loan to invest in more products such as plantains, name (a potato like root) and booklets to sell in her store. She plans to use the profits to purchase, clothes, school uniforms, notebooks and shoes for her children, a cow for her family and to continue to improve her home. Additionally, in the long term she would like to save money for a vehicle to move her products and to continue to increase her savings. She would like to thank you all for your support.

In this group: Yrma, Teresa, Adelaida, Zulecia, Nereida, Jesuito, Maria, Rosa, Fabia*, Santa
*not pictured

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Loan details