A loan of $1,350 helped a member to buy beauty products and cosmetics.

Mujeres De Nuevo Renacer 1 Group's story

Balbina is the coordinator of her group Mujeres de Nuevo Renacer 1 (Women of a new reborn). She makes her home here in a simple structure with her husband and two children. She says that her most difficult challenge is the plan she has to get a divorce. In the meantime, she plans to continue enjoying sharing with her entire family (parents and others) and cooking.

Balbina is excited to be taking her 6th loan with Esperanza after having successfully repaid her previous loan and grown her business. She has had her business for 5 years, starting with a loan she had. She plans to use this loan to invest in her business by buying different beauty and cosmetic products. She will use the profits to buy some medicine for her mother and save because she wants to have a bigger locale for her business. Her goal is to have a bigger salon and a clothing store.

This Esperanza associate began with us because she prefer Esperanza's payments and the unity it creates by having group loans, and her story is representative of her group and of Esperanza's Haitian and Dominican (many of whom recently emigrated to the DR from Haiti) clients generally. Her group is located in Puerto Plata, a port town on the north coast where the economy is based on tourism. 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: Balbina, Leonora, Ana, Alida, Georgina

Loan details

Lenders and lending teams

Loan details