World Bank Group member IFC announced a RD$450 million (approximately US$10 million) loan for the ADOPEM S.A. Savings and Credit Bank on Monday 16 November 2015 to boost lending to entrepreneurs. IFC’s support will enable ADOPEM to make an additional 140,000 microloans over the next seven years, a 70% increase from June 2015. About two thirds of the loans will go to women, to help them expand and diversify their enterprises. <\/p>\n
IFC was the first international investor in Banco ADOPEM after it became a regulated bank. As a shareholder from 2007 to 2015, IFC provided a total of US$1.2 million, which resulted in approximately 60,000 loans for Dominican entrepreneurs over the course of eight years. <\/p>\n
http:\/\/finchannel.com\/index.php\/business\/item\/52156-ifc-and-adopem-support-140-000-new-loans-for-micro-entrepreneurs-in-the-dominican-republic<\/p>\n","protected":false},"excerpt":{"rendered":"
World Bank Group member IFC announced a RD$450 million (approximately US$10 million) loan for the ADOPEM S.A. Savings and Credit Bank on Monday 16 November 2015 to boost lending to entrepreneurs. IFC’s support will enable ADOPEM to make an additional 140,000 microloans over the next seven years, a 70% increase from June 2015. About two … <\/p>\n