MICROLOANS
Together we can make Samaná thrive!
Microloans by Samana Group Foundation is a program for women entrepreneurs who want to start or grow their businesses in the province of Samaná. We believe in your aspirations and are committed to rewarding brilliant ideas and business potential with the financial support they deserve.
Apply for an interest-free loan that comes with comprehensive support throughout your entrepreneurial journey.
Unleash your business potential!
0% Interest Loans
Take advantage of a business development loan from $500 to $5,000 with 0% interest and no additional costs.
Flexible Repayment
Choose a repayment period from 1 to 5 years with a flexible schedule adapted to your capabilities. In case of default, you can offer services to Samana Group instead of returning cash.
Debt-to-Share Conversion
Feel secure with the option to convert your debt into shares of your company, providing an alternative to traditional loan repayment.
Mentorship and Resources
Benefit from mentorship and extensive support from Samana Group, including marketing. We also give you access to our large customer base, increasing your chances of success!
Why is such a program urgently needed?
Gender disparities persist in the Dominican Republic, particularly in terms of limited economic participation. Only 52% of women join the workforce, a stark contrast to the 76% of men, coupled with a significant wage gap where women earn approximately 60% for similar work. Gendered expectations, especially around domestic and care responsibilities, further constrain their time, empowerment and economic involvement. Even when women manage to overcome these challenges and venture into entrepreneurship, they face systematic discrimination in accessing business networks, markets and financing. Evidence shows that the financial system does not adequately support women entrepreneurs in the Dominican Republic.
The Social Impact of Women's Entrepreneurship
Reducing Dysfunctional Families
Women's financial independence plays a critical role in reducing dysfunctional families by preventing financial abuse as a tool of power and control within relationships and families.
Breaking the Poverty Cycle
Research shows that one of the most important strategies for reducing household and community poverty is to increase women's access to income-generating activities that empower them economically.
Investing in the Community
Successful women entrepreneurs are more likely to invest back into their families and community. Their businesses are also more inclined to focus on providing essential services and opportunities to the communities they operate in.
Closing the Gender Gap
Data show that women-led companies employ more women, accelerating the process of closing the gender gap. This pattern holds across businesses in different economic sectors.
Improving Environmental Outcome
Women-owned businesses consistently score higher on environmental, social and governance (ESG) indicators. They tend to prioritize greener and more sustainable solutions.
Choosing Social Impact Over Money
Recent studies highlight that women entrepreneurs are more likely to operate with a sense of social mission, choosing social impact over mere financial gain.
Want to learn more?
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