Entrepreneurs Going Against the Grain
Once thriving in the Dominican Republic, the textile industry began its decline when companies moved to Mexico to take advantage of the North American Free Trade Agreement (NAFTA) signed with the U.S. and Canada in 1994. Left behind, many local workers opted to start their own companies, attempting to revitalize the island’s textile sector.
Facts and Stats
The project has benefited 76 SMEs in the textile sector in La Romana, Dominican Republic
The project has formed strategic alliances with local and state institutions
Participating companies have increased their sales by an average of 25%
Asomimetro got a U$65,000 loan to buy fabric and lycra.