Spanish
The Cibao Association was selected as the winner in the fifth edition of the Promising Practices Catalog for its Financial Inclusion Program and the banking carried out in the communities of Burende and Constanza, La Vega province.
The program's main objective was to generate capabilities in the population to improve financial habits, understanding basic financial principles that guarantee adequate continuous management of financial resources and facilitate access to banking services.
José Luis Ventura, executive president of Asociación Cibao, indicated that the program was managed from the Inclusion Unit of Asociación and consisted of education workshops and banking days, under a methodology adapted from the “Financial Inclusion Model” implemented by the UNDP office in Mexico.
"In line with our corporate philosophy, which promotes a commitment to sustainable development, and in harmony with the national financial inclusion strategy, we decided to implement this pilot program in communities where we have a brand presence. We believe that this initiative strengthens financial education capabilities, boosts the banking of vulnerable populations, and contributes to transforming lives and communities," said the executive.
The pilot program for Financial Inclusion was carried out in eight communities in the province of La Vega, from November 2022 to February 2024. Among the most relevant results are: the opening of 118 new savings accounts during the program, of which 101 accounts remain active, with accumulated deposits amounting to RD$411,659.04 as of September 2025; the banking of 55 participants and the conducting of 12 financial education workshops that totaled 216 hours of training and benefited 301 people. In addition, the initiative contributed to promoting the autonomy and economic empowerment of 243 women.
The Promising Practices Catalog, developed by the National Council of Private Enterprise (CONEP) and UNDP, recognizes innovative initiatives with social impact and a sustainable approach. The selection of the Cibao Association program demonstrates its relevance and its contribution to strengthening financial inclusion models in the country.
