A loan of $3,375 helped a member to buy shoes and jewelry for resale.

Union Y Desarrollo 1 & 2 Group's story

Maria is the coordinator of her group Union y Desarrollo 1 & 2 (Union and Development). She makes her home here in a simple structure with her husband and 4 children. She says that her most difficult challenge is to live comfortably in a safe house. In the meantime she plans to continue enjoying cooking.

Maria is excited to be taking her 9th loan with Esperanza after having successfully repaid her previous loan and grown her business. She has had her business for almost 5 years, starting with her first loan with Esperanza. She plans to use this loan to invest in her business by buying silver jewelry and shoes. She will use the profits to invest in her business, to buy what her children need for school and, in the long term, to build a better house.

This Esperanza associate began with us because she needed to started a business. She talked with some of her friends and maD. up a group to receive a loan from Esperanza. Her 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. The rural areas surrounding Hato Mayor, an area where the economy is dominated by agriculture, like nearly all impoverished areas of the Dominican Republic, suffer from unreliable and electricity and running water, none of which is potable.

In this group: Maria, Griselda, Dania, Isidra, Miriam, Ana, Inmaculada, Altagracia, Elizabeth, Juana
*not pictured

Loan details

Lenders and lending teams

Loan details