A loan of $1,350 helped a member to buy clothes for re-sale.

Esperanza Asegurada 1 Group's story

Berta is the coordinator of her group, Esperanza Asegurada 1 (Assured Hope). She makes her home in a simple structure with her two children. She says that her most difficult challenges are to build her house and to get her children educated.

Berta is excited to be taking her fifth loan with Esperanza after having successfully repaid her previous loan and grown her business. She has had her business for two years, starting with selling girls underwear after she received her first loan with Esperanza. She plans to use this loan to invest in her business by buying clothing like shirts, pants, underwear and mens t-shirts. She will use the profits to buy a better stove for her home and also to save to reach her dream come true, in which she has her own home built with a good structure.

This Esperanza associate began with us because she has more facilities and, with them, she can maintain her business. Her story is representative of her group and of Esperanza's Haitian and Dominican clients in general (many of whom recently emigrated to the DR from Haiti). Her group is located in San Pedro de Macoris, a city famous for baseball players and the sugar cane industry. The main economic activities are free trade and a cement factory. This area, like nearly all impoverished areas of the Dominican Republic, suffers from unreliable running water (none of which is potable) and electricity.

In this group: Berta, Miguelina, Carmela, Altagracia, Titolo

Loan details

Lenders and lending teams

Loan details