RD$50 million for micro businesses

[NewsWhore]

The government handed out checks for RD$50 million pesos to dozens of micro, small and medium-scale businesses in Santiago yesterday. This was the first disbursement of the RD$200 million that President Fernandez promised the people of Santiago in his 30 March speech. Juan Rodriguez Mendez, the executive director of the Program for Promoting and Supporting Micro, Small and Medium-scale Business (PROMIPYME), handed out the money. According to Santiago governor Jose Izquierdo, the money was split 50/50 between the commercial sector and the service and industry sector. According to Rodriguez Mendez, PROMIPYME has a RD$120 million loan portfolio with 1,500 clients in Santiago.

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