Small business loans

[NewsWhore]

A total of 95,000 businesses that are classified as micro-, small or medium sized have received financing from the National Council for the Promotion and Support of Micro, Small and Medium Businesses (Promipyme: Pro Me Pi Me). According to the council's president the entity is averaging RD$1.2 billion in loans each month and the collection rate is currently 100% on outstanding loans. As well as lending money, the council also teaches people how to use it wisely, providing courses on business practices such as accounting and marketing with the support of the Taiwanese diplomatic mission in Santo Domingo.

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