Check out our new infographic that shows the amazing ways Esperanza International has impacted poverty in the DR over the last 20 years!

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Microfinance is a banking service which exists to serve the material poor in emerging economies. Through this lending process, loans are distributed to entrepreneurs for investment in their business.

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Julio: Committed to Community

Some might say that the La Malaga community, located high up in the mountains outside of Hato Mayor, DR, would be no place for a young entrepreneur to open a business and set up a life. But for Julio, there was never much of a choice. Growing up in an extremely remote area can be quite difficult, especially for those who are already vulnerable due to social status or poverty. Instead of…

“Esperanza is our hope”

In 2004, a sugarcane plantation worker named Jacobo joined a new solidarity group forming in his community with the hope of starting a colmado (a neighborhood convenience store) to provide for his wife, his two sons, and his daughter, Yasquina. When Yasquina told her parents her dream to become a doctor and come back to serve their impoverished community, they used loans from Esperanza to cover tuition payments, and Yasquina…

Maria: Her children rise up

Maria remembers her community as a hopeless place when she was a child. Most of the 500 residents of her batey are descendants of Haitian immigrants working the sugarcane plantations without access to social services, education, or opportunities. When she heard about women taking out loans together with Esperanza, this hard-working single mother recognized an opportunity to provide for her children. With her first loan, Maria opened a small fried food shop, which became…

By Esperanza | April 21, 2016

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Julio: Committed to Community

“Esperanza is our hope”

Maria: Her children rise up