loan sharks
All, Dominican Republic
Breaking Ground in the Borderlands
If you’ve been to the Dominican Republic, chances are, you saw the eastern part of the country, either the coast or the area around the capital of Santo Domingo. Statistically, these are the places most visitors go. Far fewer visitors go west. If you have, you may have more intimate knowledge of the Dominican Republic, […]
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All, Resources
How Microfinance and Sustainability Mix
Plant With Purpose is heavily committed to the use of community savings groups. Across seven countries, over 1,200 savings groups regularly meet. Community members can bring the cash they’ve been able to save, investing that money by purchasing shares. When they’ve accumulated enough in savings, they can then take out a loan to make improvements to their […]
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About Our Work, All, Updates
The significance of a social fund
Savings groups help rural communities grow out of poverty through their own resources. As members gain the opportunity to save their money, that money is then lent out to reinvest back into the community through small businesses, livestock, education, and other means. Alongside that activity, however, groups also gather a social fund. These funds help […]
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All, Dominican Republic, Updates
Say hello to Señor Cheo
In his village, there were no banks. And that was a big problem. Palmarito is in the rural Dominican Republic. Like many rural parts of the country, the community lacked banks. This wasn’t just an inconvenience. Having somewhere to save your money makes a big difference in economic wellness. Having an opportunity to take out […]
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