A loan of $1,775 helped a member to purchase sugar, peanuts, and cocoa, as well as clothing, shoes, and inventory for a small store.

Villa Ascencion Group's story

Maria J. B. understands what it is like to struggle to survive. Each day of her life has been hand to mouth as she tries to provide for her 10 children. An immigrant from Haiti, Maria and her husband, Wilson, live in Puerto Plata, Dominican Republic. Maria sells sweets made out of cocoa, peanuts, and sugar to provide for the seven children that are currently living in her house. (The others are still in Haiti). She dreams of owning her own home one day but is primarily concerned with supporting her children for the time being.

Maria J. B. is just one member of the 10-person micro-bank, Villa Ascencion, which means “Ascended Town”. Each of these unique Dominican entrepreneurs unite in solidarity, allowing them to access funding that they would otherwise never be able to receive on their own. The concept of this group bank paying their loan together is to reduce the risk of one person defaulting, as the other members gladly help cover one another’s payments in order to receive their next loan together. Some of the other women in this particular bank make a living selling clothing or running small salons, and one owns a small colmado, or store that sells basic groceries and snacks.

On behalf of Maria, the Villa Ascension, and the entire team here at Esperanza International, we thank you for your support and awareness of the global issue of poverty, in which your efforts are helping to make a difference.

In this group: Marie, Anita, Simona, Maria, Eluvin, Enniette, Olguitte, Emilia, Louisita, Andrea

Loan details

Lenders and lending teams

Loan details