Oikocredit’s new loan to Banco Ademi will help meet low-income clients’ needs in the Dominican Republic

Oikocredit has provided Banco Ademi with a DOP $550 million loan (EUR 8.55 million) to support and extend the bank’s financing in some of the Dominican Republic’s most disadvantaged communities.

As part of Oikocredit’s community-focused development financing portfolio, 20% of the investment in Ademi will support people with low incomes in acquiring and improving their homes with climate resilience in mind, addressing the challenges faced in this hurricane-prone country. The partnership will also help the bank increase its financial services for underserved Dominicans and expand its support for strategic sectors such as smallholder agriculture, small and medium enterprises, education, health and the environment.

Ademi, which first became an Oikocredit partner in 2008, is today the only universal bank specialised in microfinance in the Dominican Republic. It is committed to promoting sustainable development throughout the country, ensuring equal growth opportunities for women and men, and reinforcing the social and environmental fabric of the communities where it operates.

Read the press release here