NewsWhore
05-13-2009, 03:00 PM
The Fernandez administration has announced a RD$1.5 billion fund for the small and medium-sized business sector (Propymes), in response to a request from the small-scale businessmen made earlier this week. Luis Manuel Bonetti, Administrative Secretary of the Presidency, said that the Central Bank still has to complete the studies before making the funds available, but this would happen "as soon as possible."
Bonetti commented on Fernandez's concern about the small business sector, given that 600,000 small businesses employ an estimated 1.5 million Dominicans.
According to Bonetti, RD$1 billion in funds would be administered with the support of the Banco de Reservas and the Propymes. The remaining RD$500 million would be administered by institutions that specialize in administering loans to small businesses.
Bonetti says that despite the international financial crisis the DR is in an enviable position and that this small push by the government could create an additional 100,000 jobs.
More... (http://www.dr1.com/index.html#1)
Bonetti commented on Fernandez's concern about the small business sector, given that 600,000 small businesses employ an estimated 1.5 million Dominicans.
According to Bonetti, RD$1 billion in funds would be administered with the support of the Banco de Reservas and the Propymes. The remaining RD$500 million would be administered by institutions that specialize in administering loans to small businesses.
Bonetti says that despite the international financial crisis the DR is in an enviable position and that this small push by the government could create an additional 100,000 jobs.
More... (http://www.dr1.com/index.html#1)