Project Description
ADOPEM is the second largest MFI in the Dominican Republic. ADOPEM, a true micro lender, is known for its market savvy and keen application of its credit methodology. While still a non governamental organization (NGO), ADOPEM is undergoing a formalization process to obtain access to cheaper and more diversified funding. ADOPEM has completed many of the necessary legal and regulatory requirements and will be ready to formalize its conversion into a regulated commercial microfinance bank by mid-2003. This would allow the institution to amplify its product line, mobilize deposits and open its capital participation to new investors. IFC’s investment is structured in this perspective and should facilitate the entry of a strategic technical shareholder.