FONDESA
Sector: Commercial • Location: Dominican Republic
Source: International Finance Corporation (IFC)
The proposed investment (the “Project”) consists of a local currency loan of approximately DOP 190 million (up to $5 million equivalent) for Fondo para el Desarrollo, Inc. (FONDESA or the “Company”). With an average loan size of approximately $1,000, FONDESA is an NGO focused on providing financial services to micro entrepreneurs, low and middle income segments and rural populations in frontier re
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The proposed investment (the “Project”) consists of a local currency loan of approximately DOP 190 million (up to $5 million equivalent) for Fondo para el Desarrollo, Inc. (FONDESA or the “Company”). With an average loan size of approximately $1,000, FONDESA is an NGO focused on providing financial services to micro entrepreneurs, low and middle income segments and rural populations in frontier regions and small provinces across the north and northwest of the Dominican Republic, where commercial banks have limited presence. The Dominican Republic still has a very unequal distribution of financial services: 76% of the financial system resources are concentrated in the Metropolitan areas, mainly the two largest cities, Santo Domingo and Santiago, leaving other areas with limited access to finance. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |