Government has granted loans in excess of RD$4.3 billion to young people for entrepreneurship

Under the leadership of President Luis Abinader, the Dominican government, in collaboration with the Entrepreneurship Laboratory and the Fairs of the Ministry of Youth (MJ), has provided loans totaling more than RD$4.3 billion pesos to young people. This achievement marks a record in the creation and expansion of business ideas.

Benefitting a total of 51,784 young individuals between the ages of 18 and 35 across various provinces in the country, these loans were made possible through the National Council for the Promotion and Support of Micro, Small, and Medium Enterprises (Promipyme). The Entrepreneurship and Policies Laboratory of the First Youth Employment, in conjunction with the Ministry of Youth’s Entrepreneurship and Youth Fair, facilitated the allocation of funds and acted as a platform for young entrepreneurs to access offerings from various banking institutions.


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