Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Dominican Republic
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Netherlands Development Finance Company (FMO)
Bank Risk Rating: C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2017-03-06
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Banco Multiple Ademi
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Finance
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 17.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 17.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ FMO website
Updated in EWS: 2017-08-14
BANCO MULTIPLE ADEMI, S.A.
FMO-50847

Project Description
FROM FMO: Banco Multiple Ademi, S.A. (Ademi) is the largest MSME-focused financial intermediary in the Dominican Republic and in the possession of a universal banking license since 2013. The bank is a key player in providing credit and savings products to the Base of the Pyramid and promotes financial inclusion in the Dominican Republic. There is a high degree of informality which requires a non-traditional bank like Ademi to provide financing solutions. The majority of Ademi's SME portfolio consists of clients that started off at Ademi as a microenterprise. The loan will be used for on lending to MSMEs, therefore supporting economic growth and jobs.
Investment Description
The FMO will provide a total of USD 17 million, that will be converted to local currency (Dominican Peso) to support Ademi to grow its MSME portfolio.
Contact Information
FMO The Netherlands +31 70 314 96 96 info@fmo.nl