After five years…

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 …

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 …