Financial health

Here in Microfinance (MF) we believe that the very simple act of putting apart a fixed percentage of your income (ie saving) can make the difference between having good financial health or otherwise having “debtitis” (ie a well known disease, quite common around the world, that shows up when you need to use a significant part of your income to pay back debt).

After five years…

During these years the business grown and consolidated. With the aim of reaching more clients they decided to move the business from the rural community of Buenos Aires to downtown Jarabacoa. Today they are serving some of the biggest clients in the city, including several public schools.

Microfinance Store

This summer has been also a time to invest in our associate’s businesses from a different optic: launching the Microfinance Store, our particular business-lab where our associates can test if their products may be successful in the market.

Availability of financial information

Johanna is 35 years old. She has a 10 years old son, is a single mother and lives in the community of Hatillo. She has been part of the Microbank La Union for the last 3 years and runs a beauty salon. Johanna has been involved in the beauty business for the last 15 years…

How the environment might limit your potential

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…

Saving together

In Microfinace (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…

All-included insurance policy

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 of the season and market conditions. Last harvests have been quite poor due to several…