NewsWhore
11-27-2007, 04:30 PM
President Leonel Fernandez handed over a RD$500 million check to the National Council for the Promotion of Micro, Small and Medium Businesses (PROMIPYMES) at an awards ceremony held at the Renaissance Jaragua Hotel yesterday. The funds will be used to increase their credit portfolio. Fernandez highlighted the fact that micro, small and medium businesses represented 27% of the country's GDP and employed more than 160,000 people.
Juan Rodriguez Melendez, director of Promipyme said that the government has granted RD$3.2 billion in loans to 33,000 small businesses since 2004.
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Juan Rodriguez Melendez, director of Promipyme said that the government has granted RD$3.2 billion in loans to 33,000 small businesses since 2004.
More... (http://www.dr1.com/index.html#1)