Friday, February 12, 2016

Mamola

(continuing yesterday's topic)

When someone takes out a loan to get started in a business or expand it, they're taking a risk (that their plan will not succeed). They trust that their labor and ideas will produce enough profit both to sustain the business and to pay back the loan.

Mamola of the Dominican Republic took out just such a loan ($177) from Hope International's local partner back in 2008. Her plan to purchase and resell dishes succeeded. More loans followed as she developed a "colmado" (store) in her home to sell the sort of groceries her neighbors use.


A widow now, she helps support her twelve grandchildren and she replaced her home's walls with sturdy concrete. Her diligence and good sense have paid off for her - she blesses her family and her community.

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