A loan of $2,775 helped a member to buy sodas and other goods.

Luz Y Progreso 1 & 2 Group's story

Micaela is the coordinator of her group Luz y Progreso 1 & 2 (Light and progress). She makes her home here in a simple structure with her three children. She says that her most difficult challenge is to finish building her house.

Micaela is excited to be taking her 3rd loan with Esperanza after having successfully repaid her previous loan and grown her business. She has had her business for almost three years. She started selling natural juices and fried food. She plans to use this loan to invest in her business by buying sodas, fruit, bread, ham, cheese, some vegetables and other stuff. She has a cafeteria and small snack shop where you get sandwiches, fried food, juice and other fast foods. She will use the profits to invest in her business and to save, because she wants to build her house and make some changes to her business locale.

This Esperanza associate began with us because she wanted to improve her business, and her story is representative of her group and of Esperanza's Haitian and Dominican clients (many of whom recently emigrated to the DR from Haiti) generally. Her group is located in Samana, a lush rugged peninsula with a nascent tourism industry. This area, like nearly all impoverished areas of the Dominican Republic suffers from unreliable running water (none of which is potable) and inconsistent electricity.

In this group: Micaela, Lidia, Silvia, Mariely, Catalina, Basilia, Valentina, Mirlanda, Pedro, Juana

Loan details

Lenders and lending teams

Loan details