Banco de Ahorro y Credito Adopem (Dominican Republic) (DFC-BANCODEAHORRO)

Countries
  • Dominican Republic
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Banco de Ahorro y Crédito Adopem S.A.
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 7.78 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 7.78 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Oct 25, 2019


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Project Description

According to bank documents, this project provides much needed capital to qualified Microfinance Institutions in order to provide micro loans to low income borrowers in Africa, the Middle East, Asia, Eastern Europe, and Latin America. The project will encourage private sector development and provide significant downstream benefits to consumers and suppliers by targeting micro-entrepreneurs.

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors

Banco de Ahorros Y Credito Adopem SA provides commercial banking services. The Company offers savings and loans for individuals and businesses, including business loans, loans to help abused women, lines of credit, housing loans, savings, certificates of deposit and other related services. Banco Adopem serves consumers and business clients throughout the Dominican Republic.

Contact Information

No contact information provided at the time of disclosure.