A loan of $2,850 helped a member to expand her business where she sells fried food, shoes and cosmetics.

La Caridad 1 & 2 Group's story

Felicita is the coordinator of her group La Caridad 1 & 2 (The Charity). She makes her home here in a simple structure with her husband and two children.

Felicita is excited to be taking her sixth loan with Esperanza after having successfully repaid her previous loan and expanded her business. She plans to use this loan to expand her fried food stand where she sells hot dogs, chicken, plantain and meats, and extend her products to shoes and cosmetics. She will use the profits to invest in other products like jewelry, to buy her children school supplies and to change her family's lifestyle. In the meantime she plans to continue enjoying making business. She is always doing a work activity and after she got her first loan and started with her fried food stand, with every loan she is thinking to expand her business.

Felicita's story is representative of her group and of Esperanza's Haitian and Dominican clients generally, many of whom recently emigrated to the DR from Haiti. Her group is located in in San Pedro de Macoris, a city famous for baseball players and sugar cane industries, the main economic activity is a free trading zone, a cement factory, and others. This area, like nearly all impoverished areas of the Dominican Republic suffers from unreliable running water (none of which is potable) and unreliable electricity.

In this group: Felicita, Elimena, Juanita, Martha, Xiomara, Rosaelene, Juliana, Sonia, Angela, Karlota

Loan details

Lenders and lending teams

Loan details