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Aristy Sosa Video - Our Project Cover Girl and Foundation


Cover GirlClick to view a short YouTube Video Clip of Aristy - the foundation of the social enterprise as very first individual profiled and now with her funding secured by to start a Clothing Store.

Aristy is a dynamic young manager of a store in DR. She used to own a small gift shop, but the store burned down. It was not insured because she could not get insurance with a thatch roof. She now runs her mother's roadside store which is attached to her home. She wanted a $350 loan to start her own Clothing Store but does not have collateral to go to a bank. She said she can be up and running in a matter of days with capital to buy the inventory. She has had numerous informal loans from a man in her neighborhood, she recently borrowed 1000 pesos ($28) for a 6 week loan for coconuts. With 2 weeks left, all 4 $200 payments made on time so far. $1200 pesos ($34USD) will be paid at end of term. However, this is an APR of about 1500%! Translated from Spanish, she says: "Hello, my name is Aristy Sosa. I happy to have connected with you. I am from the Dominican Republic. I am 38 years old and I feel very Happy because you are going to help make my dream come true; which is to set up a Clothing Store, right here. I hope you choose me, thanks for connecting with me. I love you alot. Thank You."

Aristy First Loan
April - 2010
   Operating Statistics ................

Lifecycle: 3671 days

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