A loan of $800 helped equipment for business expansion.

Alicia's story

Alicia F. sells chilled beverages out of a cooler to her neighbors in the Haitian community of Magdalena in the eastern part of the Dominican Republic. Her offerings include purified water in bottles and single-serving bags, soft drinks, and fruit juices. With this loan, Alicia will buy a another cooler to expand the amount of her stock she can keep chilled to sell. Alicia's entrepreneurship supports her three children: Angela (17), Alfredo (13), and Alana Iris (11). Alicia hopes that as her business grows she will be able to buy a refrigerator and maybe even build a permanent store-front near her home.

Note: Alicia 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 $800 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