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DR-M1030 : PROMOTION OF SAVINGS AND CREDIT AMONG REMITTANCE RECIPIENTS IN THE DOMINICAN REP

Project Status: Closed

El goal of the project is to increase the participation of remittances recipients in the formal financial system. The objective is to strengthen the supply and demand of financial products and services of remittances recipients in the Oriental Zone of Santo Domingo, Dominican Republic. From the supply side, new products included a debit card and credit, based in a credit scoring, will be developed. From the demand side, a financial education will be developed and implemented in this region.

Project Detail

Project Number

DR-M1030

Project Country

Dominican Republic

Project Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Project Subsector

MARKET DEVELOPMENT AND FUNCTIONING

Project Type

Technical Cooperation

Project Lending Type

NSG

Project Modality

Project Facility Type

Environmental and social impact category

Project Status

Closed

Operation Number

ATN/ME-12969-DR

Financial Information

Project Number

DR-M1030

Project Status

Closed

IDB Financing

Financing type

TCN

Fund

Multilateral Investment Fund II (MIF) -

Reporting currency

USD - United States Dollar

Reporting date

Jun/30/2023

Roles & Responsibilities

Contract signature date

Jan/19/2012

Project Information

Total Cost

USD 645,445

Country counterpart financing

USD 259,144

Amount

USD 386,301

Approved

Title

Type

Project Number

Date Published

Technical Cooperation Agreement

Fomento de Ahorro y Crédito de Receptores de Remesas en la Republica Dominicana

Technical Cooperation Agreement

ATN/ME-12969-DR;DR-M1030

October 11, 2011

Technical Cooperation Agreement

Promoting Savings and Credit among Remittance Recipients in the Dominican Republic

Technical Cooperation Agreement

ATN/ME-12969-DR;DR-M1030

October 11, 2011

Implementation

Title

Type

Project Number

Date Published

Project Performance Monitoring Reports

MIF: Project Status Report ATN/ME-12969-DR