Banco Multiple Ademi
Latin America
Region
88.2
Commitment (MNOK)
Active
Status
Ademi had its origins in 1983 granting credit as an NGO to micro and small businesses. It was turned into a bank in 1998. The Bank has 74 branches nationally. It targets a very specific market niche made up principally of micro and small businesses. 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, a country with 70% of its workforce engaged in informal employment and with a financial inclusion rate of just 56%. Ademi is a member of the Accion MFI association and has integrated aspects of its best practice framework into its operations.
Key information
- Sector:
- Financial Inclusion
- Commitment (MNOK):
- 88.2
- Year:
- 2023
- Region:
- Latin America
- Country:
- Dominican Republic
- Domicile:
- Dominican Republic
- Instrument:
- Loans
- Status:
- Active
- Mandate:
- Development
Additionality Banco Multiple Ademi
This investment is particularly additional on the following ambitions:
- investing in the most capital constrained markets
- investing in risky markets
- investing in sectors with high development needs
- investing in high risk markets
- Investing in high risk instruments
- taking an active role in investments
- improving social and environmental standards
