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Promipyme disburses more than 96 million pesos in loans to merchants of Merca Santo Domingo

Benefiting more than 400 merchants with prime rate loans

Santo Domingo, RD. – The National Council of Micro, Small and Medium Enterprises (Promipyme) granted 96 million 589 thousand 500 pesos in loans to micro, small and medium entrepreneurs of Merca Santo Domingo, as part of the economic reactivation plan after the Covid pandemic -19.

In one headed by the CEO of Promipyme; Porfirio Peralta, together with the general administrator of Merca Santo Domingo; Socrates Díaz Castillo and the governor of the province; Julia Drullard, a total of 402 merchants were benefited with loans at a prime rate.

That, according to the words of Porfirio Peralta, they will energize the micro and small merchants with the capitalization of their businesses, which were affected by the coronavirus pandemic, opening a window of new opportunities tuned to the interest of the central government to relaunch the Dominican economy.

“There are new hopes, new projects that we have in the micro and small business sector. It is an important time for us to reflect that despite the pandemic and having undergone a great process of change and transition, with anxieties and struggles, important times and great opportunities are coming in what has to do with the reactivation of the economy ”, Peralta assured.

“We have in Luis Abinader, a president committed to the sector, placing 2.5 billion pesos to positively impact the industry, commerce and service sectors,” added the director Promipyme.

On his side, the general administrator of Merca Santo Domingo, Socrates Díaz Castillo, recognized the work of the director of PROMIPYME, whom he defined as a benchmark in the business area. And he thanked the financial support given to the small and micro-entrepreneurs of the institution he directs.

“Today marks the first link in the development started by merchants in Merca Santa Domingo hand in hand with the Government, through access to loans at a preferential rate that they have provided,” said Díaz Castillo.

Within the framework of the activity, 303 loans were disbursed to the commerce sector, the sum of which amounts to RD $ 56,068,500.00; in the industrial sector 26 loans, for a total of RD $ 16,263,000.00 and, among 73 service companies, the amount of RD $ 24,258,000.00 was distributed.

In addition, the deputy Jesús Manuel (Sandro) Sánchez, the deputy director of Merca Santo Domingo; Mariana Tavares, the mayor of Santo Domingo Oeste; José Andújar, the mayor of Pedro Brand; Wilson Paniagua, the mayor of the municipal district of La Guáyiga; Mirtha Elena, the mayor of La Cuaba, Carlos Montaño, the director of the municipal district of Pantoja; Fidel de los Santos, among others.

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