{"id":13076,"date":"2017-10-26T14:00:45","date_gmt":"2017-10-26T12:00:45","guid":{"rendered":"http:\/\/www.fundacionmicrofinanzasbbva.org\/en\/bid-premia-banco-adopem-labor-las-zonas-rurales-republica-dominicana\/"},"modified":"2017-11-27T13:29:07","modified_gmt":"2017-11-27T12:29:07","slug":"bid-premia-banco-adopem-labor-las-zonas-rurales-republica-dominicana","status":"publish","type":"post","link":"https:\/\/www.fundacionmicrofinanzasbbva.org\/en\/bid-premia-banco-adopem-labor-las-zonas-rurales-republica-dominicana\/","title":{"rendered":"The IDB acknowledges Banco Adopem for its efforts in rural areas of the Dominican Republic"},"content":{"rendered":"

Reaching\u00a0small farmers from the four corners of the Dominican Republic through microcredits and financial education is Banco Adopem<\/a>\u2019s daily work. The Dominican entity of the BBVA Microfinance Foundation promotes the development of rural areas with its \u201cAgro-Cr\u00e9dito Adopem\u201d\u00a0 program.<\/strong> This is a product adapted to the productive cycles of farmers, a feature which enables them to comfortably pay their loans.<\/p>\n

The Inter-American Development Bank (IDB)<\/a> has acknowledged this initiative as a tool to enhance financial inclusion and strengthen both the productivity and the resilience of farmers in the region.<\/strong> The recognition was made through the Inter-American Awards for Financial and Entrepreneurial Innovation<\/strong>, granted by the Multilateral Investment Fund (MIF) within the Foromic<\/a> framework.<\/p>\n

This event is the biggest in the region in terms of financial inclusion, microfinance and entrepreneurship. And in\u00a0the event’s inaugural ceremony, the executive president of Banco Adopem, Mercedes Canalda,\u00a0received the\u00a0\u201cfinancial services for small farmers\u201d award, one of the two established categories for this edition.<\/strong> Luis Alberto Moreno<\/a>, president of the IDB,\u00a0handed\u00a0the award together with Mauricio Macri,<\/strong>\u00a0president of Argentina, the country host for this year\u2019s edition.<\/p>\n\"\"\n

\n

 
\nMercedes Canalda, executive president of Banco Adopem, receives the award from IDB president Luis Alberto Moreno and the president of Argentina, Mauricio MacriThis year marks the fifth time the IDB has acknowledged Banco Adopem\u2019s contribution to the Latin-American microfinance sector. For this occasion, the institution also recognizes <\/span>the role of technology in improving the efficiency of processes and the initiatives oriented towards serving more vulnerable people.<\/strong> These awards, given annually in Foromic, are considered the most important in the region.<\/span><\/dd>\n<\/dl>\n<\/div>\n

\"\"

Banco Adopem supports microentrepreneurs for the advancement of their productive activities<\/p><\/div>\n

Financial inclusion in the Dominican Republic, a challenge in the region<\/h3>\n

Nationwide, hardly half of the adult population has a bank account. Because of this, financial inclusion remains one of the biggest challenges in the Dominican Republic and a priority for Banco Adopem.<\/strong> The BBVAMF entity promotes the development of almost 400,000 entrepreneurs through financial services for the progress of their productive activities.<\/p>\n

The bank focuses its efforts in serving vulnerable people, especially in rural areas, through the \u201cAgro-Cr\u00e9dito Adopem” program. Women are also a central part of its endeavors, as they represent almost 70% of credit clients.<\/strong> More than half of the poor entrepreneurs succeed in abandoning poverty after three years with the entity. This is an achievement that encourages Banco Adopem and the rest of the entities of the BBVA Microfinance Foundation<\/a> to continue working for those who have less, aware of what they are able to achieve when given an opportunity.<\/p>\n","protected":false},"excerpt":{"rendered":"

These awards are considered the most important in the region<\/p>\n","protected":false},"author":13,"featured_media":13059,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[766,1937,1437,1447,1038,648,1434],"tags":[500,1190,1560,93,1968,866,239,854,252,1589,711,1558,1793,731,281,895],"class_list":["post-13076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-awards","category-desarrollo-del-sector-en-2","category-news","category-premios-en","category-sector-development-2","category-strategic-alliances","category-alianzas-estrategicas-en","tag-agrocredito-adopem","tag-agrocredito-adopem-en","tag-awards","tag-banco-interamericano-de-desarrollo-bid","tag-banco-interamericano-de-desarrollo-bid-en","tag-inclusion-financiera-en","tag-foromic","tag-foromic-en-3","tag-inclusion-financiera","tag-inclusion-financiera-en-2","tag-inter-american-development-bank-idb","tag-premios","tag-premios-en","tag-recognition","tag-rural","tag-rural-en","paises-republica-dominicana"],"acf":[],"yoast_head":"\nThe 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