Banco Adopem focused on supporting vulnerable entrepreneurs

Banco Adopem has focused its efforts on supporting micro, small and medium-sized enterprises, taking advantage of the Central Bank’s legal reserve facilities, informed Mercedes Canalda de Beras-Goico, executive president of the entity.

“Between the months of June and September of this year, 952 credits have been disbursed by legal reserve to MSMEs for a total of DR$ 105,000,000 million pesos directed to the socially and economically less favored sectors,” she said.

In addition, he said that they maintain their attention on entrepreneurs who develop business activities to guarantee their sustainability and improve their results.

Some of the MSMEs financed are pharmacies, grocery stores, grocery stores, among others, because this type of business does not find easy access to credit and with the system implemented in Adopem, they find the doors open.

He said that most of these facilities have benefited small businesses with 80% participation, followed by SMEs with 16%, and micro enterprises with 4%.

He emphasized that women have a greater share of the portfolio, representing 64% and men 36%. The total number of women under the legal reserve facility was 607.

Banco Adopem, as part of the BBVA Microfinance Foundation group in the Dominican Republic, focuses on the growth of the most vulnerable sectors of the country, directly impacting twelve of the Sustainable Development Goals (SDGs) of the United Nations 2030 Agenda.

Source: almomento.net

author avatar
Dominican Republic Live Editor

Leave a Reply

Your email address will not be published. Required fields are marked *

19 − 18 =

Verified by MonsterInsights