Esperanza International FoundationClosed
Closed
Programs
Closed
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.
Program 1 [2020]
In 2020, Esperanza International, through Association Esperanza International, Inc., a religious organization in Dominican Republic, provided 5,432 loans to deserving entrepreneurs through its microfinance programs. Of those loans, 77% were disbursed to women and 53% 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 $2.2 million during 2020 with an average group loan disbursed in the amount of $288, and the average individual loan of $945.GeographiesNot indicatedDatesJan 1, 2020 – Dec 31, 2020Source990No causes providedNo populations provided–$434KEsperanza 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.GeographiesNot indicatedDatesJan 1, 2022 – Dec 31, 2022Source990No causes providedNo populations provided–$976K
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