Project 35: Microenterprise with Macro Impact: Dominican Republic

We provided 70 microfinance recovery loans to small business and entrepreneurial families who have been severely impacted by Covid-19 to help them get back on their feet and continue to sustain their source of economic support.

For our Microenterprise with Macro Impact project, we partnered with Hope International, a Christian, non-profit organization focused on alleviating physical and spiritual poverty through microenterprise development. HOPE International has worked in the Dominican Republic since 2005 to provide Christ-centered microfinance for the least served entrepreneurs in the country.

We will be giving recovery loans to micro-entrepreneurs affected by the COVID crisis allowing them to reopen family businesses. Funding from Mite will extend 70 loans to life-sustaining businesses including agricultural initiatives, colmados (convenience stores), construction, bakeries, fruit stands and more!

However, we are not only talking about a microfinance project to meet physical needs. HOPE believes that microfinance can be a powerful force in changing the world for the better and that loving people as Christ loved others means caring for both physical and spiritual needs. That’s why HOPE-network staff minister to the spiritual needs of those they serve by sharing the gospel and praying with them over needs in the families and businesses.