Altagracia Damian,
Dominican Republic
Altagracia Damian started a tiny ceramics business in the Dominican Republic. When she
started her business in 1987, she had only 16 cents in her pocket. After a few years of minimal
operation, Altagracia went to ADEMI for a loan. She received US$80 which she used to
purchase clay and glazes. Since then, she has received a total of eight loans from ADEMI.
Although Altagracia herself does not draw a fixed salary, she now has seven employees
working in her business. She says that thanks to the support of ADEMI, she has climbed out
of extreme poverty and manages a growing business, while paying for her children's education.
Name of microfinance programme: ADEMI
Source: Microcredit Summit 1997 - Institutional Profiles.
Hari Srinivas - hsrinivas@gdrc.org
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