A loan of $950 helped a member expand her fried food business and continue a new business activity: natural products sales.

Esfuerzate Y Sed Valiente 3 Group's story

Margalena G. is the bank coordinator for "Esfuerzate y Sed Valiente" (Group 3). The bank operates in San Marcos, a neighborhood a little bit outside of the city of Puerto Plata. Her group is the newest addition to this community bank, bringing their total number to 15 members. These entrepreneurs will undertake a variety of businesses, mostly involving clothing and food sales.

Margalena is 43 years old and is married to a man her own age. They have three grown children and three grandchildren. Margalena is a very active woman and has not delayed in putting time into her business. Most people probably see their business as a mean to achieve something, but Margalena also sees her business as a passion. Over 20 years ago, she started a beauty salon in her own house and in the front of her house she has a small frituria - which means that she fries a variety of foods for sale. About 4 years ago she also started to buy and sell clothes and natural products like medicine and drinks. Sometimes she is so busy with everything she is involved in that her husband and friends help her out. "I simply love to do business," she says.

San Marcos is a poor neighborhood, but the participants in the group think their economy has improved lately and that loans from Esperanza are one important reason for this improvement. It is no wonder that they have chosen Margalena as their coordinator. She is energetic and the one that has the most experience running a business.

With her upcoming loan, Margalena wants to expand her businesses, in particular she wants to sell more clothes. By being responsible with her loan, her businesses, family, group, and neighborhood will have more opportunity to prosper.

In this group: Margalena , Ana, Cecilia, Enide, Vesta

Loan details

Lenders and lending teams

Loan details