{"id":9269,"date":"2017-02-16T18:27:01","date_gmt":"2017-02-16T18:27:01","guid":{"rendered":"http:\/\/www.fundacionmicrofinanzasbbva.org\/en\/?p=9269"},"modified":"2017-05-03T09:06:04","modified_gmt":"2017-05-03T09:06:04","slug":"adopem-bank-loan-portfolio-grows-by-more-than-15-in-2016","status":"publish","type":"post","link":"https:\/\/www.fundacionmicrofinanzasbbva.org\/en\/adopem-bank-loan-portfolio-grows-by-more-than-15-in-2016\/","title":{"rendered":"ADOPEM Bank loan portfolio grows by more than 15% in 2016"},"content":{"rendered":"

The Savings and Credit Bank ADOPEM, serving vulnerable entrepreneurs in the Dominican Republic, increased its loan portfolio in 2016 by more than 15% over the previous year. At year end, BBVA Microfinance Foundation had 225,858 outstanding loans and a customer base of more than 390,000 people.<\/p>\n

The impact of Banco ADOPEM’s products and services has enabled them to consolidate their customers’ progress, with an average increase in their business utilities by 29% compared to 2015<\/strong>, and their assets by 27%. In fact, 13,475 customers who renewed their loans, categorized as poor<\/em> in their initial records, overcame the poverty threshold in 2016.<\/p>\n

The CEO of ADOPEM, Mercedes Canalda, indicated that, in December 2016, the bank’s total assets amounted to DR $7.295 billion, a difference of more than DR $1.451 billion compared to the same month in 2015.<\/p>\n

Through the programs offered by the ADOPEM NGO Training Center, 30,000 people have received training and financial education<\/strong> to prevent overindebtedness.<\/p>\n

Also, since last year, ADOPEM Bank has covered all provinces in the country, with 74 branch offices and 135 banking sub-agents and its Fitch Rating is AA-.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Savings and Credit Bank ADOPEM, serving vulnerable entrepreneurs in the Dominican Republic, increased its loan portfolio in 2016 by more than 15% over the… Read more »<\/a><\/p>\n","protected":false},"author":13,"featured_media":8192,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[804,1377,661],"tags":[518,1229,289,906,776,199,1448,818,1021],"class_list":["post-9269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-activity-results","category-educacion-financiera-en","category-financial-training","tag-adopem","tag-adopem-en","tag-adopem-ong","tag-adopem-ong-en","tag-credit","tag-emprendedores","tag-emprendedores-en","tag-entrepreneurs","tag-financial-training-3"],"acf":[],"yoast_head":"\nADOPEM Bank loan portfolio grows by more than 15% in 2016 - Fundaci\u00f3n Microfinanzas BBVA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/en\/adopem-bank-loan-portfolio-grows-by-more-than-15-in-2016\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADOPEM Bank loan portfolio grows by more than 15% in 2016 - Fundaci\u00f3n Microfinanzas BBVA\" \/>\n<meta property=\"og:description\" content=\"The Savings and Credit Bank ADOPEM, serving vulnerable entrepreneurs in the Dominican Republic, increased its loan portfolio in 2016 by more than 15% over the... 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