By Andrea | May 04, 2022

“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...

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 persevered through medical school, becoming the first in her entire town to graduate from university.
Today, Yasquina runs a free clinic that provides ultrasounds, nutrition training, and health education to her neighbors. In addition, she took out loans with Esperanza to run a highly successful online clothing store with her husband, which generates the income they need to care for their three children. She is an inspiration in her community, and a mentor to other businesswomen in the area: “I always tell the women, ‘Esperanza is our hope.'”

Stories like Yasquina and Jacobo’s are only possible because of God’s faithfulness and the generous ongoing support of our donors over the past 26 years. The impacts of generational poverty are daunting, but we have plenty of reason to believe that we will continue to see “the goodness of God in the land of the living” (Ps. 27:13). We hope you read our 2021 annual report to learn more about Jacobo and Yasquina, and we invite you to partner with us and support families like theirs all across the Dominican Republic.

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.

learn more

share this article

recent articles

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…

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…

Joassaint: The future is sweet

In a stand next to the bus stop in the coastal town of San Andres, Joassaint Odalaine sells candy for breakfast. Passengers and tourists taking the bus through San Andres to the eastern Dominican countryside know Joassaint for her love and energy, a wide selection of breakfast sandwiches, and the wall of candy at the back of her shop, but when she first arrived at the bus stop as a…