A loan of $1,125 helped business expansion, augment stock of goods.

Basilia's story

Basilia L. M., here pictured in front of the church where her group Bank of Hope meets, owns a general store in the community of Juan Pablo Duarte, named for the founding father of the Dominican Republic. Basilia sells food products like rice and sugar in her store to help her husband Carlos support their three children: Harold (19), Carmen (17), and Macien (16). All three children are in school and Harold has started work in a nearby town. Carmen will probably start work soon, but she aspires to be an architect, though Basilia worries about being able to pay for schooling. This loan will help Basilia expand her stock of goods in order to grow her small business.

Note: Basilia is one of five microentrepreneurs in her 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 $1125 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.

Loan details

Lenders and lending teams

Loan details