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 discovered concerning the sorts 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 is just not 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 develop her enterprise. Throughout my dialog along with her, I used to be impressed by her willpower and fervour. She works out of her house to save lots of on prices and discovered by doing, which is the widespread manner for folks in La Piedra. She plans to supply her providers for 1700 Dominican pesos, which interprets to roughly $30 US.

As a mom of two kids, 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 varied 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 ability firsthand. She warmly welcomed us into her house 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, 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 might discover on the resort we have been staying at. It was a real delight to spend time with this profitable entrepreneur.