This organization closed in 2023. It filed a final 990 indicating termination and no longer appears as active in IRS records, as it is absent from the EO Business Master File and Pub78 List.
Esperanza Microfinance Program
IN 2022, ESPERANZA INTERNATIONAL, THROUGH ASSOCIATION ESPERANZA INTERNATIONAL, INC., A RELIGIOUS ORGANIZATION IN DOMINICAN REPUBLIC, PROVIDED 8,428 LOANS TO DESERVING ENTREPRENEURS THROUGH ITS MICROFINANCE PROGRAMS. OF THOSE LOANS, 75% WERE DISBURSED TO WOMEN AND 50% WERE HAITIAN OR OF HAITIAN DESCENT. ESPERANZA OFFERED ITS BORROWERS SIX DIFFERENT LOAN PRODUCTS: BANK OF ESPERANZA LOANS, SOLIDARITY GROUP LOANS, HOUSING LOANS, INDIVIDUAL LOANS, CHURCH INITIATIVE LOANS, AND SCHOOL LOANS. THE LOAN PORTFOLIO AVERAGED USD $3.2 MILLION DURING 2022 WITH AN AVERAGE GROUP LOAN DISBURSED IN THE AMOUNT OF $336, AND THE AVERAGE INDIVIDUAL LOAN OF $946.
