Funded

Total loan: $1,250
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Cristo Redentor 5 Group


A loan of $1,250 helped a member to buy rice, beans, sugar, flour and oil.


Cristo Redentor 5 Group's story

Ramona is one of the members of a group called Cristo Redentor 5 (Christ Redeemer). She makes her home in a simple structure with her long-term partner. She says that her most difficult challenge is to offer credits to her customers because she has lost capital. In the meantime, she plans to continue enjoying to cook and relaxing at her home.

Ramona is excited to be taking her fifth loan with Esperanza after having successfully repaid her previous loans and grown her business. She has had her business for four years, which started as a stand offering candies and snacks. Now, she operates a 'colmado,' a place where you can find all the ingredients to make your daily food. Normally, colmados are in the same neighborhood within a short walk from any home.

She plans to use this loan to buy rice, flour and other foods. She will use the profits to invest in her business and to save.

This Esperanza associate began borrowing because she needed capital for her business. 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 San Pedro de Macoris, a city famous for baseball players and the sugar cane industry. The main economic activities are a free trading zone and a cement factory. This area, like nearly all impoverished areas in the Dominican Republic, suffers from unreliable running water (none of which is potable) and electricity.

In this group: Ramona, Santa, Leonidas, Maria, Maura
*not pictured


Loan details

Loan length:

7 months
Disbursed date: November 2, 2010
Facilitated by Field Partner: Esperanza International Dominican Republic, a partner of HOPE International

Lenders and lending teams



Loan details

Loan length:

7 months
Disbursed date: November 2, 2010
Facilitated by Field Partner: Esperanza International Dominican Republic, a partner of HOPE International