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HomeMICROFINANCEMortgage 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 not too long ago 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 realized concerning the sorts of companies which might be being funded.

Nataylis is a proficient 24-year-old who runs her personal hair salon within the small group of La Piedra. For a lot of Dominican ladies, pure lengthy hair will not 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 group.

Together with her mortgage, Nataylis bought new extensions and hair coloring merchandise, which permit her to develop her enterprise. Throughout my dialog together 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 realized by doing, which is the widespread approach for folks 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 folks 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. Operating a various store, catering scrumptious meals to numerous occasions, and even being expert in stitching and promoting her personal garments, she is actually a jack of all trades. 

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

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