MFI ReportPartnerships
| Name | Relationship |
|---|---|
| MicroRate | Rating |
| The Rating Fund | Partner |
-
26.8 million30,746871.30.030.7 million0
Mission:
FONDESA's mission is to promote the development of the micro-enterprise sector by giving loans and technical assistance to improve the administrative management capacity of micro-entrepreneurs.
Background and Main Challenges:
FONDESA was created in 1983 by the Asociación para el Desarrollo, Inc (APEDI). In 1998, FONDESA opened its first branch in the Province of Dajabón and extended its operations in the provinces of Monte Cristy and Santiago Rodriguez. One of the main challenges of FONDESA is to become an ... Read more
FONDESA was created in 1983 by the Asociación para el Desarrollo, Inc (APEDI). In 1998, FONDESA opened its first branch in the Province of Dajabón and extended its operations in the provinces of Monte Cristy and Santiago Rodriguez. One of the main challenges of FONDESA is to become an institution with more social impact in the micro-enterprise sector, to expand at a regional level and to diversify its sources of funding. Hide
Address:
Calle Restauración Esq. Jácuba Edif.: N.P. No. 127 Próximo a la calle 30 de Marzo.
Santiago de los Caballeros
Dominican Republic
Phone:
(809) 226-3333
Fax:
(809) 247-9544
Email:
fondesa [at] codetel [dot] net [dot] do
Website:
Products and Services:
Loans
Products:
FONDESA applies an individual lending methodology. It lends to microentrepreneurs in rural and urban areas. A minimum of 6 months of experience in the business to be financed is required. Loan amounts are determined by repayment capacity and based on financial and technical feasibility of the ... Read more
FONDESA applies an individual lending methodology. It lends to microentrepreneurs in rural and urban areas. A minimum of 6 months of experience in the business to be financed is required. Loan amounts are determined by repayment capacity and based on financial and technical feasibility of the venture. Loan terms are between 6 months and 3 years, with interest rates of 30 to 32%. Loan sizes range from $US 143 to $US 2,143. Hide
Looking for (Investment Types):
Loans in Local Currency
Loans in US$
Date established:
Jan 1 1983
FYE:
31-Dec
Current Legal Status:
NGO
Regulated:
no
At a glance
- Assets
- Gross Loan Portfolio
- Equity
Contacts
-
Cristian ReynaPresident of the board
-
Ilsa SilverioFinancial Manager809 226 33335
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Jorge QuilvioExecutive Directorquilvio [at] fondesa [dot] org809 226 3333
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Josefina AlmonteExecutive Secretary(809) 226-3336
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Juan LantiguaGerente de Desarrollo Institucionallantiguaj [at] fondesa [dot] org(809) 226-3333
