|
|
 |
|
|
|||||||||||
  |
|||||||||||||||
 |
 |
 |
|
 |
|
 |
|
 |
|
|
|
|||||||||||||||||||||||||||
 |
|
|||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||
|
along a decade of operations you can conclude that FondoMicro is completing its institutional mission completely. He/she has not only become the institution leader in investigation and knowledge regarding the characteristics of the micro and small company, but it has also contributed to the institutional development and the profundización in the access to the services financiestayros on the part of these companies.
INVESTIGATION
In the year 1992, FondoMicro began the program of investigations and after ten years and more than twenty publications, so much the public sector as private depends on the information published by FondoMicro. The knowledge that FondoMicro has gathered is not only the most complete in the Republic Of the Dominican Republic, but rather it is important to emphasize that it is the institution leader at level of Latin America and perhaps of the world regarding the width of information that has gathered.
The diffusion of the investigations that you/they consign the importance of the micro and small companies, its contribution to the economy and the employment generation has contributed to the expedition of the "letter of citizenship" of the microempresas in the society of the Dominican Republic. In addition, the statistical information regarding the micro and small national managers has served so that many medium and big companies expand their sales to this important internal market.
Technical attendance through their asset program of technical attendance and training directed to the microfinanzas ONGs, FondoMicro has played a preponderant paper in the transfer of appropriate technology toward these entities. The program of institutional development has contributed to that these organizations were able to reach sostenibilidad levels and profitability enviables for most of organizations of this type around the world. This work has benefitted the micro and small managers when assuring the offer of financial services through the time.
The innovative design of its credit fund has promoted an improvement in the level of competitiveness in this market that was dominated by a single microfinanzas institution until that moment. Through the last ten years the number of microfinanzas institutions has grown and he/she has strengthened introducing an important competition element in the market, opening an important fan of options to the micro and small manager.
Credit Services
The creation of the bottom of loans he/she has opened an alternative source of financing for the ONGs and the improvement that have shown in their managerial administration it has been good to open them additional options of sources of financing of the commercial banking. This financing has introduced an important element of financial discipline to these organizations, improving its financial administration. In addition to the ONGs, with the diffusion of the economic and financial information of the micro segment and small company, the multiple banking at national level their interest has increased in these companies like subject of credit.
bank of the small company
In 1996, FondoMicro was the instigator for the creation of the first specialized bank of the national financial system directed to serve to the micro and small company. The Bank of the Small Company, began operations in 1997 and it is one of the entities of more innovative microfinanzas of the market, offering a wide range of products and financial services to the micro and small companies. The BPE offers credit services and savings, and factoring products.
In addition, the BPE is integrated to the net of
automatic cashiers through the ATH offering to its clients access to more
than 850 cashiers at national level, and to thousands of bound trade to
this important system of electronic banking. The BPE has a wallet of more
than RD$70 millions (US$4.0 millions), and active for RD$90 millions (US$5.3
millions).
commercial papers
In 1998 the Stock exchange of the Republic Of the Dominican Republic (BVRD),
it authorized the emission of until RD$30 millions in commercial paper,
to be channeled to the sector of the micro and small company. FondoMicro
is capturing individual and institutional investors' savings (Administrators
of Fund of Pensions), to be invested in the financing of the micro and
small company.
This way FondoMicro is achieving an integration
of the micro and small managers to the most sophisticated instruments
in the financial market of the Dominican Republic. The investors not only
obtain a highly competitive yield rate, but rather at the same time they
are contributing directly to the development of this segment of national
empresariado.
Liberty Fund
In the year 2000, FondoMicro has created the "Liberty Fund"
that it is a bottom of capital of risk. The objective of the fund is of
to support the micro and small managers with an investment of stock capital
in form storm and to offer a managerial accompaniment. This fund is directed
to micro and small successful companies with interesting perspectives
for the expansion and future profitability, but that they lack the capacity
to carry out new investments in actions for its structure of family capital.
As we see, the philosophy of work of FondoMicro has been to open roads
and our main objective is to promote the development of the private company,
especially the initiatives of the micro proprietors and small companies.
This memory leaves perseverance of the carried out work. We still have
left road to travel.
Privacy | Site Map | Contact | Legal Notice
©1999-2003 Fondo para el Financiamiento de la Microempresa, Inc. All rights Reserved.
Use of this Web Site implies agreement with our Legal Notice.