Santo Domingo.- The National Council for the Promotion and Support of Micro, Small and Medium Enterprises (Promipyme) closed the year 2024 with a credit portfolio of RD$9,670 million, showing a growth of between 11 and 12% compared to the December 2023 – January 2024 period. This was reported by the institution during the presentation of its first annual economic report, held this Tuesday at the Hotel Embajador.
With this performance, Promipyme consolidates its position as the fifth most relevant entity within the microfinance ecosystem of the Dominican Republic, standing out both for its loan volume and the improvement in its quality indicators.
The report details that during 2024, the institution disbursed an average of RD$591.2 million per month (about US$9.9 million), benefiting approximately 3,105 clients per month. In that same period, it managed to reduce its delinquency rate from 16.3% to 9.5%, reflecting progress in the efficiency of its credit management and risk control.
One of the most highlighted points was the gender balance in the allocation of credits. Of the total portfolio, 45% corresponds to women and 48.2% to men, showing a significant step towards equity in access to financing. Greater geographical equity was also achieved, with a more balanced distribution among provinces that previously had low participation.
During the meeting with the press, the strategic role of MSMEs was also valued, responsible for 96% of the national productive fabric, generators of 61.6% of employment and contributors of 32% of the Gross Domestic Product (GDP).
The executive director of Promipyme, Fabricio Gómez Mazara, highlighted that 10% of the portfolio was allocated to the industrial sector, double the national average in microcredits, positioning the institution as the leader in absolute value within that segment.
Gómez Mazara reaffirmed the entity’s commitment to sustainable and inclusive economic development, backed by a business intelligence and data analysis strategy to boost the growth of the national productive sector.
image credits for this post: Deultimominuto.net
