The Careful Loan Network

Consider a loan to the Careful Loan Network of El Fuego del Sol. Help us improve the lives of local Dominican families and companies through MicroLoans and Equity-Based Loans.

Careful loans

Micro Loans

Social Loans

EcoLoans

Peer-to-Peer Lending

P2P Lending

El Fuego del Sol is a legal Dominican business. This webpage was created in the Dominican Republic regarding the socially-conscious ecobusiness El Fuego del Sol and the Careful Loan Network. This webpage should be considered for informational purposes only in any location where it is in anyway limited or discouraged.

Franky works with us, and his situation is a perfect example for our program. Franky's motorcycle is worth just over US$5000. Franky has the title and has paid the required fees for taxes, license and insurance. Franky currently has a loan against the cycle for US$225 and he is paying 3.5% monthly (42% annual) interest on this loan. Franky would like to buy two mama pigs (sows) to raise and sell their litters. A pregnant mama pig costs $500. In her first litter she can have between 5 and 15 piglets, each of which sells for $35. As the pigs grow, they can be sold for more money, and the mama pigs can have new litters every four months. Pig food is inexpensive and can include table scraps.



With the Careful Loan Network, an individual lender can loan US$1250 to El Fuego del Sol, and we would loan the money to a local business or a family such as Franky's. The lender could earn 12% annually on the investment.  El Fuego del Sol would charge a commission of 5%. Franky would use the loan to pay off his current loan, and he would legally sign the bike over to El Fuego del Sol until the loan was paid in full. Then he would use the proceeds from the pig business to pay the loan and to generate extra family income. The 17% loan he would obtain from this program would be less than half the interest fees charged by any other lender in the area.

Access to reasonable credit can lead to the creation of many profitable small businesses. This can lead to huge improvements in the quality of life for the entire community.

The current issue of the MIT Technology Review features successful micro-lending stories. Click here to read the article.  NPR has also featured this concept: Microlending for Profit.

Helping others through the Careful Loan Network carries low risk and can be extremely beneficial to both you and our neighbors in the Altagracia Province of the DR. There are over 100 families  in our immediate area who could be potential borrowers in the program. Email kevadair@aol.com for more details about joining the Careful Loan Network.

Click for the Careful Loan Network info page.     Click for El Fuego del Sol's other programs.