Apartments
Microcredits
What is the program about?
The Microcredit Center supports the development of micro and small entrepreneurs in the Dominican Republic by offering training services tailored to their needs, credit, and technical assistance. It also promotes the development of new business initiatives through vocational technical training. Our mission is to drive the development of income-generating activities as a way to improve the living conditions of Dominicans. These actions are directed towards those Dominicans who do not have access to formal banking.
Achievements
Pioneers in granting credit to low-income youth and women with zero opportunities to enter the credit market, in order to improve their development and integration into a productive society.
The projects managed by the Center are ongoing. Among the most relevant ones are the following:
The Center's Actions
They reach the poorest provinces and neighborhoods in the Dominican Republic. The system is designed to meet the needs of our family—that is, our clients. 70% of the portfolios are held by women and young people in our country, and 30% by microenterprises.
Participant population
The Center has been in operation since 1992 and has benefited over 18,000 micro-entrepreneurs to date in the cities of Santo Domingo, Haina, San Cristóbal, Guerra, Barahona, Puerto Plata, and Cotui.
