Community Development. Gospel
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 …
Continue reading "How the environment might limit your potential"
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 …
Life is not always easy, and managing a business is not an exception. Carmelo has been part of the Microfinance family for the last 5 years. He is engaged in agriculture and sows, among others, corn, pepper, and strawberry depending on the season and market conditions. Last harvests have been quite poor due to several …
February is the month of love and friendship here in DR. Yeah, Valentine's Day is not enough, it is the complete month¡ As you might imagine, it is a perfect time of the year to invest in people to strengthen relationships. On the 17th of February, we hold our first Coordinators Meeting with the goal …
One of our goals within the Microfinance team is to help our associates to develop their businesses and improve their standards of living. Chabela, the owner of a small business in the community of Hatillo, has grown up from scratch a successful beauty salon. Hard work and the accompaniment of the Microfinance team have been …
When helping matters 