Popular lent over RD$200 million in the “Rebuild Your Credit” program

Banco Popular Dominicano reported that its financial inclusion program “Rebuild Your Credit” has already managed to register, since its launch in May, more than 4,000 clients, who obtain responsible access to financing and support in financial education issues.

Among the main benefits offered by the program is the Rebuild Loan, a credit backed by the guarantee of an account or a term deposit. This loan allows customers to obtain up to 100% of the amount they have invested.

Furthermore, after 12 months of program participation, users can request the release of their guarantee, a process subject to a credit evaluation. The product also has a preferential rate, making it more accessible for those seeking to stabilize their financial situation.

Since the launch of “Rebuild Your Credit”, Banco Popular has managed to generate a loan portfolio, whose balance exceeds RD$200 million.

Purpose-Driven Finance Academy

In addition to loan access, program participants enter the Purpose-Driven Finance Academy (www.finanzasconproposito.edu.do), with multiple free personal finance courses, including one of the most recent on how to manage debt. Also on this web portal they can use tools and templates that support their financial administration.

During this initial stage of the program, more than 500 people have actively participated in educational webinars with experts in personal finance. El Popular has also integrated the educational campaign into more than 1,180 ATMs and queue screens in its branches.

Access to responsible credit to improve personal finances

The CEO of Banco Popular, Mr. Christopher Paniagua, emphasized the importance of the program, which reinforces the bank’s commitment to financial education and inclusion, a key component for the economic sustainability of its clients.

“More than six decades ago, Banco Popular was born with a clear mission: to bring banking closer to all Dominicans and accompany them in their progress as a right. Since then, we have traveled a path of constant transformation, guided by the purpose of democratizing access to financial and payment products as a driver of social and economic development for the well-being of families, the strengthening of businesses and the development of communities,” explained Mr. Paniagua.

With “Rebuild your credit”, Popular encourages access to responsible credit, empowering more Dominicans through knowledge and technology to improve their financial reality.