The Industrial Development and Competitiveness Center (Proindustria) has chosen the Reservas Trust to administer the RD$100 million Guarantee Fund for Small and Medium Industries (FIPYMI). Both entities signed a service contract that says that Reservas Trust will administer these funds, only and exclusively for granting fiduciary guarantees to financial intermediaries that approve loans for small and medium industries that are qualified to receive these funds.
The document was signed by Reservas Group president Enrique Ramirez Paniagua, Reservas Trust general manager Christian Molina Estevez, and Pro-Industria director general Alexandra Izquierdo.
