Funded

Total loan: $1,500
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Trabajando Para El Futuro #3 - Working For The Future #3 Group

Dominican Republic
Samaná, Dominican Republic / Grocery Store

A loan of $1,500 helped a member to invest in their businesses.


Trabajando Para El Futuro #3 - Working For The Future #3 Group's story

Teresa is asking for this loan so she can buy large sacks of sugar and sacks of rice. She says that by being able to buy sugar and rice (two common staples) at wholesale prices, she will be able to both save and earn more money.

She works hard because she wants nothing more than to be able to send her three children to the local university so that they can one day become professionals in whatever field they choose. She plans to use half of her income to continue improving her store, and half for tuition expenses for her children.

She says that she knows her life will be able to advance more with this loan, and she will be able to save a larger amount towards sending her children to the university here in Samaná. Teresa also wants to say thank you to everyone who is helping her make her dream come true and giving her children a brighter future.

NOTE: This $1500 loan will fund Teresa's business as well as five other businesses in her solidarity group. She and five other women micro-entrepreneurs came to Esperanza and formed their group. They have all gone through the Esperanza business training program and will receive equal shares of the loan to invest in their respective business and pay back together. The entire group must pay in full and on time, otherwise group members must make up the deficit before any payment can be maD.. This creates accountability among the group members because each one shares in the struggles and successes of the other members in their group.

In this group: Teresa, Vicenta, Ana, Anjela, Mardanisia, Rosa
*not pictured


Loan details

Loan length:

9 months
Disbursed date: November 12, 2007
Facilitated by Field Partner: Esperanza International Dominican Republic, a partner of HOPE International

Lenders and lending teams



Loan details

Loan length:

9 months
Disbursed date: November 12, 2007
Facilitated by Field Partner: Esperanza International Dominican Republic, a partner of HOPE International