The project beneficiaries are mainly women who have never had access to credit
Women Putting Remittances to Work
DOMINICAN REPUBLIC
The subsistence of hundreds of thousands of Dominicans depends on the money they receive from relatives living abroad. A FOMIN project shows how offering a variety of financial services that are complementary to remittance transfers has changed the lives of women by helping them to develop their own businesses.
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Facts and Stats
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The project benefits low-income women in the Dominican Republic
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ADOPEM Bank has provided access to new financial services and products to over 500 people
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Specific financial products were designed such as a Health Card, Life and Accident Insurance, Home Loans, Savings for Vacations, Savings for School, and Business Start-Up Capital
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3,694 people have received training in business development, banking products, employment creation, finance, customer service, and human and community development.