Banco Ademi

Banco Ademi is a banking institution that offers high-quality products and services, with special attention to micro, small and medium-sized businesses, through the work of its highly experienced staff and the use of state-of-the-art technology. Banco Ademi is committed to the economic and social development of its country and to promoting fundamental community values.

Key Indicators as of September 2014
Active Borrowers: 210,528
Average Loan: $1,251
Amount Loaned: $181,702,000
Active Savers: 231,274
Active Portfolio: $263,410,000
Saving Balance: $215,158,000

Background

Banco Ademi was founded in 1997, when it was transformed from the Association for the Development of Microenterprises (ADEMI), a non-profit organization which began operations in 1983. As of 2005, the name and legal title of Banco Ademi was changed to a savings and loan bank, making Banco Ademi a development bank. Its vision is to be the leading provider of financial services in the Dominican Republic, with special attention to micro, small and medium-sized businesses.

In 2006, Accion appointed a resident advisor to work with Banco Ademi with the goal of modernizing the institution’s credit operations and of developing new financial products tailored to low-income clients. Accion continued its work in the area of innovations in channels, with the design of a mobile branch. In the area of remittances, Accion assisted the organization in the mapping of established partnerships among banks, couriers and remittance providers. Accion has also been working with Ademi in the area of savings, helping the institution with the design of a product portfolio.

Banco Ademi is also working with Accion and the Inter-American Development Bank to develop strategies for expanding rural microfinance. 

Contact

Banco Ademi
Av. Pedro H. Ureña No. 78, Santo Domingo, Dominican Republic
Tel:+809 683-0203
Fax:+809 472-0853
Email:grondon@bancoademi.com.do

Website: www.bancoademi.com.do

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