By the second half of November, the Bank for Small Enterprise will open its doors, with RD$38 million in start-up capital. The bank has RD$14 million from the private sector and RD$16 million from the Fondo para el Financiamiento de la Microempresa, Inc. (FONDOMICRO) and the Interamerican Development Bank (IDB). The announcement was made by FONDOMICRO president, Mario Dávalos.