Economy

Economy November 16, 2015 | 2:14 pm

IFC and ADOPEM support 140,000 new loans for micro-entrepreneurs in the Dominican Republic

Santo Domingo.- IFC, a member of the World Bank Group,announced today a RD$450 million (approximately US$10 million) loan for Bancode Ahorro y Crédito ADOPEM S.A. to boost lending to entrepreneurs. IFC’s supportwill allow ADOPEM to issue an additional 140,000 microloans over the next sevenyears, a 70 percent increase from June 2015. About two-thirds of those loansare expected to go to w... Read more

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