Economy April 11, 2024 | 9:24 am

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Promipyme injects RD$54.6 million into San Pedro de Macorís economy

Santo Domingo.- The National Council for the Promotion and Support of Micro, Small, and Medium Enterprises (Promipyme) has announced the disbursement of RD$54.6 million in loans to 286 microentrepreneurs in San Pedro de Macorís, with 69% of the recipients being women.

Providing further details, the entity revealed that 58% of the beneficiaries are under the age of 50, with 74% of the funds allocated to the commercial sector, 20% to services, and 6% to industry. Since November 15, Promipyme has disbursed over RD$1,910 million in credits.

Fabricio Gómez Mazara, General Director of Promipyme, emphasized the significance of supporting entrepreneurs striving to enhance their profitability and sustainability. “At Promipyme, we extend beyond mere financing; we foster development and serve as a catalyst for progress,” he asserted.

Promipyme’s objective, as stated in a press release, is to stimulate job creation and business development through the provision of both financial and non-financial services.

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