Dominican Republic: The EIB and ADOPEM increase microfinance support for COVID-19 impacted companies ...Middle East

european union - Economy
source : european union ( Middle East ) () 15
The EIB and Banco de Ahorro y Crédito ADOPEM have signed a loan in Dominican pesos worth EUR 7 million (approx. DOP 480 million) to support micro-entrepreneurs. The loan will help to address the working capital and investment needs of businesses affected by the COVID-19 breakout in the Dominican Republic, targeting women and very low-income borrowers in the country.

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