A loan of $4,350 helped a member to purchase products for her store.

Mujeres En Desarrollo Group's story

"Mujeres en Desarrollo" is a large group of 17 people who are hoping to receive their sixth loan. Each member has started to experience success and started to improve her situation. Each member is from a very poor area in the Dominican Republic. They all have businesses ranging from food stores (called colmado) to beauty salons and clothing stores. This has been a very successful group, and a group that has been very faithful in all its repayments!

Magalis A. is the group representative and a great group leader. She is the mother to three children and works as hard as anyone. She was having a hard time before she received her first loan because she and her husband could barely afford to feed their children. Magalis did not have steady work and was barely getting by each day. One day she heard about Esperanza International, which gives out small loans to help start businesses, and she knew that is what she wanted to do. She took out her first loan and started a small stand selling all types of small items such as candy, bread, and rice. She worked hard and kept increasing her business with each loan, and now she has her own colmado! She rents out the store building, and hopes to own the store herself someday. She also is dreaming with her husband about owning their own house someday. She is getting closer and closer to reaching those dreams and is excited about the future. She is ready for this next loan and feels like is only going to continue to increase in size!

In this group: Magalis, Anilia, Isabel, Sonia, Enmanie*, Maria, Emanese, Ana, Rene*, Altagracia, Yanita, Ramona*, Maximo, Carmen, Dejasse, Felicia, Rosanne
*not pictured

Loan details

Lenders and lending teams

Loan details