A loan of $2,925 helped a member to buy clothes.

Memena's Group's story

Memena is the coordinator of her group, called Dios Proveera 3, 5 (God will provide). She is excited to be taking her fourth loan with Esperanza, after having successfully repaid her previous loan and expanding her business. She operates a clothing store and is planning to invest in it by buying different types of clothes, for men, women and kids. She will use any profits to reinvest in her business, Christmas time sales are really good, and that's why she wants to have plenty of merchandise.

Memena's story is representative of her group and of Esperanza's Dominican and Haitian clients generally, many of whom recently emigrated to the DR from Haiti. Her group is located in the rural areas surrounding La Romana, where the economy is dominated by the sugarcane harvest and where running water (none of which is potable) and electricity are unreliable. She makes her home here in a simple structure with her husband and their two children. She wants to be strong for work and help her children to have a good education.

The small picture in the lower right corner is the group coordinator, Memena.

In this group: Memena, Claudette, Edrina, Onis*, Sonia, Orcilia, Senyo, Graciela*, Sofia, Milena
*not pictured

Loan details

Lenders and lending teams

Loan details