A loan of $2,725 helped a member to buy silver jewelry, accessories and shoes.

La Caridad 3, 4 & 5 Group's story

Felicia is the coordinator of her group La Caridad 3, 4 & 2 (The Charity). She makes her home here in a simple structure, being a single mom with one child. She says that her most difficult challenges are to have a successful business in her local village and expand it to other villages in her city, where demands are higher.

Felicia is excited to be taking her fourth loan with Esperanza after having successfully repaid her previous loan and expanded her business. She plans to use this loan to invest in her business where she sells silver jewelry, other accessories and womens shoes. She will use the profits to buy some school supplies, to eat better and expand her business to other communities in other products. In the meantime she plans to continue enjoying cooking for her family and doing her housework. She is excited to have this loan because she wants to invest more, get low interest and save money for the future.

Felicia'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: Felicia, Monica, Brenda, Ana, Veronica, Milagros, Fufuna, Manuela, Cristina, Fani, Dorka, Elena, Vita, Andrea, Sonia

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Loan details