Home Microfinance Mortgage Recipients within the Dominican Republic – Evan Lory

Mortgage Recipients within the Dominican Republic – Evan Lory

Mortgage Recipients within the Dominican Republic – Evan Lory


Mortgage Recipients within the Dominican Republic – Evan Lory

June 21, 2023

I lately had the privilege of touring to the Dominican Republic to ship funding for loans for feminine enterprise ladies. Whereas there, I met many mortgage recipients and discovered concerning the varieties of companies which are being funded.

Nataylis is a gifted 24-year-old who runs her personal hair salon within the small neighborhood of La Piedra. For a lot of Dominican ladies, pure lengthy hair shouldn’t be widespread, however they nonetheless want to improve their magnificence with extensions or coloring. A magnificence salon is a profitable addition to the La Piedra neighborhood.

Together with her mortgage, Nataylis bought new extensions and hair coloring merchandise, which permit her to increase her enterprise. Throughout my dialog along with her, I used to be impressed by her dedication and fervour. She works out of her dwelling to save lots of on prices and discovered by doing, which is the widespread manner for individuals in La Piedra. She plans to supply her companies for 1700 Dominican pesos, which interprets to roughly $30 US.

As a mom of two youngsters, Nataylis is dedicated to offering for her household. Like so many different individuals in La Piedra, her job prospects are few, so she has risen to the problem by creating her personal enterprise.

I additionally met Anita, a passionate entrepreneur in La Piedra. Working a various store, catering scrumptious meals to numerous occasions, and even being expert in stitching and promoting her personal garments, she is really a jack of all trades. 

Throughout my go to with Anita, I witnessed her kindness and culinary talent firsthand. She warmly welcomed us into her dwelling and gave us a tour of her store, showcasing her unbelievable assortment of products. Not solely did we expertise her hospitality, however she additionally offered lunch, which was scrumptious. My father, just a few fellow college students on a research overseas program, and I had been handled to native, seasonal dishes that had been scrumptious, and never what we might discover on the resort we had been staying at. It was a real delight to spend time with this profitable entrepreneur.



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