Fundación Dominicana de Desarrollo, Inc. (FDD)
- 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
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
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
- Telephone: (809) 338-8101
- Email: firstname.lastname@example.org
Calle Mercedes, No. 4
Zona Colonial, Santo Domingo, R.D.
- Website: http://fdd.org.do
- Social Networks: Facebook | Twitter | Youtube
- Name: Ana Luisa Martín Vela
- Position: Communication and Community Relations Manager
- Telephone: (809) 338-8101, ext. 225
- Email: email@example.com
- Type of Organization: Non-Profit Organization
- International Affiliations:
- Years of Operation: Since 1966
- Number of Employees: 170
- Number of Members: 142
- Number of Volunteers:
- Sources of Funding:
Soft and commercial lending
- Total Income: RD$114,167,282
- Total Expenses: RD$91,547,487
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.
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.
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:
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.
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.
The goal of serving with humility, honor and truth “doing what we say,” oriented towards quality, efficiency and individual and institutional excellence.
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.
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.
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.