Banco ADOPEM, the first microfinance institution in Dominican Republic, celebrates its 36th anniversary

31 July 2018
Banco Adopem

Banco Adopem lacks no reason for celebration: it ranks number one in the Savings & Loans Banks sector, it is the biggest private-capital bank with nationwide outreach, and was included among the 10 best initiatives for Sustainable Finance in the Latinoamérica Verde Awards and above all, it continues to foster “the economic and social development of people with dreams and goals,” as its executive president, Mercedes Canalda de Beras-Goico described.

The 36th anniversary celebration was attended by the executive president along with over 1,400 employees from all over the country. Canalda de Beras-Goico drew attention to the hard work of people in the different areas to make it possible for nearly 400,000 vulnerable entrepreneurs to access productive finance, giving them the chance to escape poverty and improve the quality of their lives and those of their families.

Several workers were also awarded special prizes for their daily work at the service of the microentrepreneurs.

As part of the BBVA Microfinance Foundation Group, one of Adopem’s biggest challenges is identifying new strategies to reach out to people excluded from the formal financial industry. Financial inclusion, especially for women, is a very important goal for ADOPEM, aware that one of the barriers that women must overcome to achieve gender equality is access to capital and employment. This is a vocation, which, as the executive president explained, “is never-ending and that grows deeper every day.”