A loan of $1,700 helped a member to buy more blouses, blue jeans and shoes to sell.

Shalom 1,2 Group's story

Josefina is the coordinator of her group called “Shalom” and her story is representative of her group and of Esperanza's Haitian and Dominican clients generally (many of whom recently emigrated to the Dominican Republic from Haiti). Her group is located in the rural areas surrounding Hato Mayor in the eastern lowlands of the Dominican Republic where the economy is centered around agriculture and where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple structure of wooden walls and a tin roof with her husband and her son.

Josefina is excited to be taking her fourth loan with Esperanza after having successfully repaid her previous loans without arrears. She plans to use this loan to invest in her business selling clothing and shoes by purchasing blue jeans, blouses and shoes. Her business model is to take orders for clothing and then to go to Santo Domingo and purchase the clothes in the main markets and come back to her community to sell the items at a profit. While 80% of her product is ordered in advance she will sell the rest by walking around the community and searching for clients.

Josefina will use the profits to invest in her home by completing the project her husband has started to replace the wooden walls with cement block. She also intends to continue investing in her family by purchasing medicine, school supplies and clothes for her son. In the long term her goal is to purchase a small plot of land so that she can construct her own home, as her current home is owned by her parents. She also plans to start university classes in business management soon. She thanks you all for your support.

In this group: Josefina, Rosa, Lucia, Zorilla, Carolina

Loan details

Lenders and lending teams

Loan details