Carol joined Microfinance (MF) 5 years ago when MiBanco La Fe was set up in the community of Buenos Aires (Jarabacoa). Carol and her husband (Alex) were the owners of a small butcher shop named Carnicería la Callecita, and they were facing the normal difficulties that all small business owners face. Initially, MF gave Carol and Alex …
Microfinance Store
At Students International, the summer and the students go hand-in-hand. It is a time for meeting new people, a time for sharing what we do during the year with people from other countries and cultures. Along with our students, this summer we have been working on a new project. Microfinance invests in its associates and …
Availability of financial information
Johanna is 35 years old. She has a 10 years old son, is a single mother and lives in the community of Hatillo. She has been part of the Microbank La Union for the last 3 years and runs a beauty salon. Johanna has been involved in the beauty business for the last 15 years …
How the environment might limit your potential
Emelina is one of the associates of MiBanco La Esperanza, in the community of Los Higos. Emelina is 22 years old, is married, has two sons and she joined Microfinance two years ago. Emelina is a skilled woman with an awesome talent for sewing. Thanks to her work manufacturing purses, she has been able to …
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Saving together
In Microfinance (MF) we have three main focus areas: (i) Financial Education, (ii) Savings and (iii) Micro-loans. The three of them are equally important to us. As in other countries (developed or developing ones), the savings rate in the Dominican Republic is limited. And the cost of not saving (ie borrowing) may be high (and …
When helping matters 