Small business loans for women and their families can break the cycle of poverty, by generating income, education, health and self-worth. Esperanza International has become one of the leading microfinance service organizations in the Dominican Republic and the largest lender to the poorest of the poor through its "Banks of Hope" program.
The Players Trust has committed $300,000 to establish Banks of Hope in three communities. Because the loans are repaid with interest, the Trust's initial grant will provide ongoing funding for the program for years to come.
To date, with the assistance of the Players Trust, Esperanza has begun to combat poverty with: