The story of most of our associates is similar in the sense that they share the same culture, but their social and family structures are also very similar. Those same social structures sometimes make it difficult for businesses to last over time, and this is the reason why our associates tend to have an extended …
More than money
Most of the countries celebrate mothers’ day in May. The Dominican Republic is not an exception. 95% of our associates are women, and a large portion of them are mothers too, so we organize a celebration around this important festivity every year to celebrate the role that women and mothers play in our society. In …
From Tiva
This post comes in the form of a letter from one of our associates. We hope you will enjoy the testimony of one of the women Microfinance (MF) serves: “My name is Tiva, I was born 70 years ago and I’ve been married for 56 years. I have ten children, twelve grandchildren, and two grand-grandchildren. …
A step on the right direction
It’s been almost a year since we met Margo. She is part of MiBanco La Esperanza, in the community of Los Higos. We’ve discussed in the past how the families living in the poorest areas of the country are trapped in a downward spiral. The community of Los Higos is an example of that: limited …
Running against the current
Running against the current is in the DNA of Microfinance (MF): while commercial banks have fancy buildings, we only have a laptop and point-of-sale printer; in the finance industry, customers go to the Banks, at MF we go to our associate’s rural communities; commercial banks typically loan to men, while in MF 98% of …
When helping matters 