Cooperativa Mano Solidaria lent over RD$600 million last year to support micro, small, and medium-sized enterprises (MSMEs).

Santo Domingo.- Mano Solidaria Savings and Loan Cooperative celebrated an assembly this Saturday in which the directors highlighted its consolidation as an entity that supports entrepreneurship in the Dominican Republic.

In offering a few words to the partners, the chairman of the Administrative Council, René Jáquez Gil, pointed out that the cooperative entity presents positive results in the last year, with growth in all areas.

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He indicated that assets grew by 25%, the loan portfolio by 28%, the raising of financial resources increased by 27%, and that there were disbursements of more than 600 million pesos, all aimed at supporting micro, small and medium-sized entrepreneurs.

Regarding the investment made, the Chairman of the Board stated that it is primarily focused on supporting micro and small entrepreneurs.

“We had a delinquency rate of just 0.77%. That confirms once again that the poor, the people at the bottom, are not bad payers”, he stated.

In the assembly, there was an election process to fill the vacant positions, concluding with the swearing-in of the authorities who will lead Mano Solidaria for the next three years.

In that sense, René Jáquez Gil was re-elected as president of the Administrative Council; as president of the Credit Committee, Maira Jiménez (remembered in the country for directing Banca Solidaria), and Juan Osiris Mota, president of the Supervisory Board.

Nancy de la Rosa was elected vice president and Ana Cristina Guerrero, treasurer. Also present were Mirla Doris Vargas, general manager of the Cooperative, and Carlos Segura Foster, founding partner, among others.