Financing for Exporters
PRO EXPORTA POPULAR
In order to provide access to financing of naturally occurring expenses for an exporter to be recovered over the medium term , we present ProExporta Popular, a joint initiative between ADOEXPO and the Banco Popular Dominicano to promote national exports and insert of Dominican companies into new markets, thereby ensuring the sustainability of the productive development of the country.
The success of ProExporta Popular has led to the rollout of a second version. By the close of its second year of operations, ProExport Popualr had granted over RD$20,048,000 million Dominican pesos of credit to 275 exporters, with 60% being small-to-medium businesses. Over two years, 76% of the credit granted went to industrial exporters, 19% to the service sector and the remaining 5% to other productive sectors.
In additional to traditional banking products such as international collections and letters of credit, the ProExporta Popular portfolio includes highly innovative products such as Export Factoring, allowing an exporter to delegate to Banco Popular the procedures for the collection and administration of international accounts receivable, reducing risk. Further, Banco Popular offers exporter the option of discounting their international invoices to improve cash flow.
The strategic alliance ProExporta Popular with Banco Popular allows ADOEXPO members to benefit from truly preferential rates merely by requesting a letter of certification from our Membership Department.
Applications are available at the closest office of Banco Popular.
Tel: 809.544.5555 Tel: 809.200.5555 free for out-of-town calls