Dominican Republic Market Profile

April 16, 2014 - 5:03am from MicroCapital
Citi Asia, a subsidiary of US-based Citigroup that provides banking and card services to retail customers and small and medium-sized enterprises (SMEs) in Asia, recently launched Citi Mobile Collect, a mobile payment platform that enables customers to complete fund transfers via mobile phones, in China and India. The service allows small businesses to make mobile money transactions such as payments to merchandise providers that are Citi customers. The service, which is also available in ...
April 14, 2014 - 9:41pm from MicroCapital
The Multilateral Investment Fund (MIF), a member of the US-based Inter-American Development Bank (IDB), has disbursed loans to Peruvian credit unions Cooperativa de Ahorro y Crédito Abaco and Fortalecer to expand financial services via intermediaries, including other credit unions, private firms and non-governmental organizations (NGOs) that provide retail lending to rural clients. MIF has provided a subordinated loan of USD 5 million to Cooperativa de Ahorro y Crédito Abaco to ...
April 1, 2014 - 10:23am from MicroCapital
TriLinc Global Impact Fund (TriLinc), a US-based private investor in companies that it deems to contribute positively to socioeconomic development in emerging economies, recently disbursed a total of USD 5.7 million in loans through a series of investments in unspecified small and medium-sized enterprises (SMEs) in Brazil, Chile, Indonesia and Peru. The investments include: (1) a USD 500,000 loan with an annual interest rate of 12.43 percent to a sugar producer in Brazil; (2) a USD ...
March 30, 2014 - 2:55pm from MicroCapital
The Inter-American Development Bank (IDB), a US-based multilateral financial institution that seeks to support sustainable economic development in Latin America and the Caribbean, recently announced that it will create a USD 30 million credit fund that retail lenders in the Dominican Republic can access to expand financing deemed “medium- and long-term” to micro-, small and medium-sized enterprises (MSMEs). The fund will have a term of 25 years; a grace period of 5 years before the ...
March 25, 2014 - 8:47pm from MicroCapital
The Multilateral Investment Fund (MIF), a member of the US-based Inter-American Development Bank, has approved a grant of USD 150,000 to the Caribbean Information & Credit Rating Services (CariCRIS) of Trinidad and Tobago to provide services including the creation of credit ratings for 60 small and medium-sized enterprises (SMEs) in the Caribbean. Additionally, CariCRIS is to work with four unnamed commercial banks to incorporate its credit ratings into the banks’ loan appraisal ...
March 4, 2014 - 5:05am from MicroCapital
Orange Dominicana, subsidiary of Orange of France that offers prepaid mobile services in the Dominican Republic, and Banco Popular Dominicano, a commercial bank in the Dominican Republic, reportedly have launched the M-Peso mobile wallet and payment service in the Dominican Republic.  The new service will allow mobile customers to access bank accounts and credit cards, make payments, purchase airtime, pay bills, and transfer money to other Orange customers using their mobile phones.  GCS ...
February 6, 2014 - 6:38am from IFMR Blog
Guest post by Renuka Sane, Indian Statistical Institute, New Delhi Financial inclusion is a priority area in the minds of policy makers in India. The larger focus of this debate has been on access to credit and insurance. Savings products, and long-term pension products have received relatively less attention. It is often assumed that poor people do not have the ability to save towards an illiquid ...
February 6, 2014 - 12:46am from Microfinance Gateway News & Opinion
Credicorp Unit Agrees to Buy Control of Peru’s Top Microfinancer
February 4, 2014 - 7:00am from Global development: Poverty matters blog | guardian.co.uk
More than 130 of ...
January 30, 2014 - 1:07am from Microfinance Gateway News & Opinion
"Mobile Money Initiative Orange m-peso Launches in the Dominican Republic"
January 30, 2014 - 1:04am from Microfinance Gateway News & Opinion
"Mobile Money Initiative Orange m-peso Launches in the Dominican Republic"
January 29, 2014 - 1:38am from Microfinance Gateway News & Opinion
"Mobile Money Initiative Orange m-peso Launches in the Dominican Republic"
January 24, 2014 - 4:30pm from Financial Access Initiative Blog
This week’s New and Noteworthy highlights the power of heuristics in decision making, a theory on the future trajectory of Bitcoin as a global currency, and the economics of strengthening payments security. Antoinette Schoar of MIT’s Sloan School of Management and ideas42’s Saugato Datta released a new paper on using heuristics (or simple rules of thumb) to help individuals make “reasonably good ...
January 7, 2014 - 5:05am from MicroCapital
ResponsAbility Investments, a Swiss investor in microfinance and other sectors, recently loaned USD 20 million to Financiera Confianza, a Peruvian NGO microfinance institution (MFI). Further information on the transaction is not available. As of year-end 2012, Financiera Confianza reported to the US-based nonprofit Microfinance Information Exchange (MIX) total assets of USD 248 million, a gross loan portfolio of USD 202 million outstanding to 96,000 borrowers, USD 78 million in ...
December 12, 2013 - 1:58pm from Microfinance Nigeria
Most banks that were hit by the recent global financial crisis have realised that they need to go beyond branch-based models to profitably reach out to retail customers, a report has stated. The report also stated that technological innovations such as mobile banking and biometrics have helped to integrate more people in emerging markets into the formal financial system, opening up opportunities for banks willing to take a chance. It noted that while the market for more ...
December 12, 2013 - 1:57pm from Microfinance Africa
Most banks that were hit by the recent global financial crisis have realised that they need to go beyond branch-based models to profitably reach out to retail customers, a report has stated. The report also stated that technological innovations such as mobile banking and biometrics have helped to integrate more people in emerging markets into the formal financial system, opening up opportunities for banks willing to take a chance. It noted that while the ...
October 24, 2013 - 5:05am from MicroCapital
Asociación Dominicana para el Desarrollo de la Mujer  (ADOPEM), a microfinance institution (MFI) in the Dominican Republic, reportedly has provided loans totaling DOP 70 million (USD 1.65 million) to 728 micro-, small and medium-sized enterprises (MSMEs) in the country [1]. ADOPEM was able to provide the loans after money was released from its required reserve, and they were distributed between May and August 2013. A majority of the loans, totaling DOP 35.7 million (USD 840,000) was ...
October 7, 2013 - 5:45am from MicroCapital
Citigroup (Citi), a US-based financial services corporation, and the Overseas Private Investment Corporation (OPIC), a development finance institution of the US government, reportedly have partnered to deliver USD 200 million to Citi’s local and multinational corporate and financial institution clients [1]. These clients are engaged in various sectors, such as microenterprise, agribusiness and clean energy. A portion of the financing will be on-lent to small corporate suppliers as well as ...
September 18, 2013 - 5:05am from MicroCapital
Asociación Dominicana para el Desarrollo de la Mujer (ADOPEM), a microfinance institution based in the Dominican Republic, recently announced that it will collaborate with Codespa, a Spanish NGO that aims to increase access to jobs, healthcare and information technology, and La Agencia Española de Cooperación Internacional para el Desarrollo (AECID), a Spanish nongovernmental humanitarian organization, to provide loans to farmers in the Dominican Republic [1]. As part of the deal, which ...
September 13, 2013 - 5:43pm from Innovations for Poverty Action Blog
This post originally appeared on NextBillion.net. Can a soap opera star with a knack for getting into trouble also be a good teacher? The answer is yes, at least in the prime-time South African television show Scandal!. Maletsatsi’s misadventures with installment plans, gambling, and borrowing eventually led her to seek the help of a ...