Fundación Dominicana de Desarrollo, Inc. (FDD)

La Fundación Dominicana de Desarrollo, Inc. (FDD) arose as a development initiative of a group of Dominican businesspeople who were looking to break the paternalistic culture of hand-outs that predominated in the country. Over several decades FDD has promoted the modern concept of Corporate Social Responsibility, emphasizing the relevance of sustainable development, as well as social, economic and community services and projects. In 1982, the Foundation was once again a pioneer with the introduction of micro financing in the Dominican Republic. Today, it continues offering credit services and training to low income women and men in our society, in such a way that they may expand and develop their personal and familiar autonomy, reaching higher levels of human development. It is for this that FDD assumes with passion and professionalism its commitment to “change lives, creating businesses.”

General Information

  • Legal Name: Fundación Dominicana de Desarrollo, Inc.
  • Acronym: FDD
  • Country of Origin: Dominican Republic
  • RNC/Tax ID No: 401-011-999
  • Geographic Areas: Distrito Nacional, Duarte, Hermanas Mirabal, La Vega, María Trinidad Sánchez, Monseñor Nouel, Santiago, Santo Domingo
  • Theme Areas: Community Development, Economic Development, Education, Gender, Other (Microcredit)
  • Quantity and Type of Beneficiaries:

    15,712 current clients
    RD$225.8 million current portfolio

The Team

Management Team:

Cristina Trullos, Executive Director
Julio Coén, Credit Manager
Edwin Vargas, Auditing Manager
Yokarys de la Cruz, Credit Supervisor Northern Region
Manuel Tavares, Credit Supervisor Metropolitan Region
Ana Luisa Martín Vela, Communication and Community Relations Manager

Board Members:

2015-2016:

Elías Julia C., President
Amelia Reyes de Gottschalk, Vice President
Humberto Sangiovanni A., Treasurer
René M. Grullón F., Vice Treasurer
Magda Dickson, Secretary
Jaime Roca, Vice Secretary

Carola Alorda de Planas, Member
Ramón Franco, Member
María del Carmen Ramos, Member
María Isabel Fabián de Albert, Member
María Virginia Elmudesi, Member

Contact Information

Contact Person

  • Name: Ana Luisa Martín Vela
  • Position: Communication and Community Relations Manager
  • Telephone: (809) 338-8101, ext. 225
  • Email: info@fdd.org.do

Operation

  • Type of Organization: Non-Profit Organization
  • International Affiliations:
  • Years of Operation: Since 1966
  • Number of Employees: 170
  • Number of Members: 142
  • Number of Volunteers:

    N/A

  • Sources of Funding:

    Soft and commercial lending
    Member fees

  • Products/Services:

    Micro-credit
    Training

  • Total Income: RD$114,167,282
  • Total Expenses: RD$91,547,487

Mission/Vision

Mission:
To catalyze the development of the Dominican Republic or to act as the facilitating agent for the full development of the Dominican Republic, based upon the definition of Amartya Kumar Sen: “The expansion of the real liberties of a person to make or be that which he/she values in life.” The mission of the Foundation is to facilitate so that everyone who lives in Dominican territory has the opportunity to be and do that which he/she values.

Vision:
To be the leading institution in the design and implementation of financial services that satisfy the needs and exceed the expectations of microenterprises in the Dominican Republic, comprised of a team that is committed, integrated and proactive. The Foundation’s strategy is centered on a bet on micro credit as an instrument for the sowing of the seed of one’s own self-determination. The seed takes the form of credit whose value is not in the absolute loaned amount, but rather in the potential basic services and goods, which allows each one of them to reach his/her full development.

Institutional Values:
Non-negotiable principles which govern our every day practices and characterize our interaction with each one of our internal relationships, with our clients, our members and national and international organizations:

Commitment
The force that stems from our identification with the institutional mission and which we express with satisfaction and pride in constant action for the benefit of Dominican society.

Leadership
The vocation and ability to motivate, manage, convoke, promote, and encourage the achievement of results, generating the desire to do more and be better than we are, in order to transform the ordinary into the extraordinary.

Integrity
The goal of serving with humility, honor and truth “doing what we say,” oriented towards quality, efficiency and individual and institutional excellence.

Innovation
To transcend with conscience and balance our beliefs and actions, renewing, transforming, and creating new realizations in the value chains produced in order to serve our clients and the market.

Proactivity
The responsibility for making things happen. Even though we are aware that we live within that which circumstances dictate, our vision, strategy and decisions are based on our values and not on these circumstances.

Primary Programs and Projects

In addition to the micro-financing program, FDD serves through the following programs:

Haitian refugees — entrepreuneurial training and empowerment, microfinancing;

Ex convicts — entrepreuneurial training and empowerment, microfinancing;

Disabled — entrepreuneurial training and empowerment, microfinancing;

Displaced fishermen from the Parque de la Caleta — entrepreuneurial training and empowerment, microfinancing.

Expert Comments

We ask each of our experts to recommend five entities in their area(s) of expertise which have had a positive impact. Below please find comments from our experts who have recommended this entity.

  • In the decade of the 1980s, FDD was a pioneer in the implementation of credit programs for microenterprises, promoting the development of personal ent . . .repreneurs. Following the success of these programs, in the last 30 years FDD has developed a large program for the micro-financing of small businesses.

More Expert Comments

  • FDD is an NGO whose Board of Directors is comprised of well known representatives of Dominican businesses who have a lot to bring to the area of new e . . .ntrepreneurship.

More Expert Comments

  • Strengthen the visibility of the work that FDD carries out in the country so that Dominican society gets to know it better.

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