Saturday, February 7, 2015

IDB to support BOP families in the Dominican Republic with access to credit for home improvements

The Inter-American Development Bank (IDB) has approved a loan of up to $5 million to Banco Multiple Ademi, a leading financial institution in the Dominican Republic with 60 percent of the microfinance market share, for on-lending to an estimated 5,000 Base of the Pyramid (BOP) families in need of home improvement financing. Banco Ademi's loans will be bundled with financial education and construction technical assistance for borrowers.

No comments:

Post a Comment