A loan of $4,675 helped a member to buy rice, beans, sugar, canned food, vegetables, etc.

La Fe 1, 3 & 4 Group's story

Renold is the coordinator of his group La Fe ("Faith") 1, 3 and 4. This group is located in a batey (a sugarcane company town) in the rural area surrounding La Romana, where the sugarcane harvest and tourist industry dominate the economy and most of the people are Haitian immigrants. This area, like nearly all impoverished areas of the Dominican Republic, suffers from unreliable electricity and running water (none of which is potable).

He is excited to be taking out his third loan with Esperanza after having successfully repaid his previous loan and grown his business. Renold plans to use this loan to invest in his business by buying rice, beans, sugar, canned food, vegetables, etc., He is running a colmado, a small grocery store.

Renold makes his home in a simple structure with his long-term partner and three children. He has had his business for almost three years, starting with a small amount of savings.

He says that his most difficult challenge is to buy a pick up to transport his merchandise. In the meantime he plans to continue to enjoy doing business. He will use his profits to invest in his business. His future plan is to have a house for his children.

In this group: Renold, Martha, Jeannette, Lamercy, Oyana, Charguita, Aniesa, Calina, Sonia*, Jisselene, Rosiana*, Osni, Alud, Dioselina, Solan
*not pictured

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Loan details