Dave Valle visits the Dominican Republic while playing Major League Baseball and is compelled to help the hungry children he meets outside the stadium. Dave and his wife Vicky made a commitment to return to the Dominican Republic and do what they can to make a difference in the lives of the local people.
1995 - 1998
Esperanza International is founded as a sustainable solution to poverty alleviation, equipping entrepreneurs to use their gifts and skills to provide for their families. The first office of Esperanza International opens in the town of San Pedro de Macoris with Esperanza’s core loan product, group loans. Solidarity groups are named Banks of Esperanza or Banco de Esperanza in Spanish.
New branch offices and operational guidelines are established, growing operations across the Dominican Republic.
A massive 7.0 magnitude earthquake strikes 16 miles west of Port-au-Prince, Haiti. Esperanza opens a regional office in Port-au-Prince to coordinate emergency relief efforts and ongoing development.
Esperanza US and DR teams lead simultaneous strategic planning efforts. Focus groups and meetings with key constituents and outside counsel are conducted to prepare Esperanza for a strong and sustainable future.