Banreservas earmarks RD$5 billion for women‑led SMEs in Dominican Republic
Banco de Reservas (Banreservas) and Mastercard launched the second edition of the Summit Mujer Pymes Banreservas, a platform aimed at women entrepreneurs. The bank announced the availability of RD$5 billion for new financing to small and medium‑size enterprises led by women, to be provided at an annual interest rate of 12.95 %. With this injection, Banreservas raises its credit portfolio for women‑led SMEs to RD$32 billion.
The programme aligns with President Luis Abinader’s vision of expanding economic opportunities. Leonardo Aguilera, executive president of Banreservas, and senior executive vice‑president Ysidro García presented the initiative. Mastercard will complement the financing with free digital training covering electronic payments, personal finance, cybersecurity and entrepreneurship.
Entities: Banco de Reservas (Banreservas) · Leonardo Aguilera · Luis Abinader · Mastercard · Ysidro García
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 3 SOURCES] The financing will be provided at an annual interest rate of 12.95 %. (Banreservas)
- [● 3 SOURCES] President Luis Abinader supports the initiative and its vision for economic wellbeing. (President Luis Abinader)
- [● 3 SOURCES] The program is part of the second edition of the Summit Mujer Pymes Banreservas. (Banreservas)
- [● 3 SOURCES] Ysidro García is senior executive vice‑president of Business at Banreservas and announced the financing. (Banreservas)
- [● 3 SOURCES] Banreservas announced the availability of RD$5 billion for new financing to women‑led SMEs. (Banreservas)
- [● 3 SOURCES] Mastercard will provide a free digital training platform for women entrepreneurs. (Mastercard)
- [● 3 SOURCES] Leonardo Aguilera is the executive president of Banreservas. (Banreservas)
- [● 3 SOURCES] Banreservas’ credit portfolio for women‑led SMEs rises to RD$32 billion. (Banreservas)