- First ever Symbiotics investment in the Dominican Republic’s microfinance sector
- USD 16 million private placement to support lending to underserved entrepreneurs
- Strategic partnership with Banco Múltiple Ademi, a leading microfinance institution in the country
Symbiotics, the leading market access platform for impact investing, has completed a USD 16 million investment in Banco Múltiple Ademi, the only multiple-service bank specialized in microfinance in the Dominican Republic, marking its first entry into the country’s microfinance sector.
The transaction will provide Banco Múltiple Ademi with fresh capital to expand its lending activities to micro-, small-, and medium-sized enterprises (MSMEs), especially those led by entrepreneurs from underserved communities — such as women, rural populations, and low-income households — who typically face limited access to formal financial services.
This private placement will help strengthen Banco Múltiple Ademi’s lending capacity, reinforcing its mission to provide inclusive financial solutions across the Dominican Republic. The investment falls under Symbiotics’ microfinance investment theme, supporting institutions that empower entrepreneurs and foster sustainable economic development.
“We are proud to partner with Banco Múltiple Ademi, one of the Dominican Republic’s most prominent financial institutions focused on microfinance and inclusive banking, with a long-standing commitment to empowering entrepreneurs and promoting financial inclusion,” said Jérôme Birolini, Regional Manager for Latin America & Caribbean at Symbiotics. “This transaction aligns directly with Symbiotics’ mission to support financial inclusion, small-business growth, and sustainable economic development in the Dominican Republic. Through this new partnership, Banco Múltiple Ademi will gain access to additional resources to expand its lending capacity to MSMEs, with a special emphasis on underserved entrepreneurs and communities.”
Supporting inclusive finance in the Dominican Republic
Banco Múltiple Ademi plays a vital role in the country’s financial ecosystem, offering accessible and tailored financial services to entrepreneurs who are often excluded from traditional banking channels. The institution’s work is instrumental in creating jobs, improving livelihoods, and reducing inequalities, especially in rural and low-income urban areas.
By channeling new resources toward these efforts, Symbiotics is reinforcing its impact-driven strategy. “Symbiotics is happy to support Banco Múltiple Ademi in its mission to improve access to financial services in the Dominican Republic, a country where a large part of the population still does not have access to accessible banking solutions,” added Jérôme Birolini.
A strategic milestone for Symbiotics
This transaction marks a new milestone for Symbiotics, representing its first investment in the Dominican Republic’s microfinance landscape. It expands the geographical footprint of the firm’s impact investing platform, which has channeled over USD 10.5 billion to more than 600 institutions across 99 countries since inception.
The CEO of Banco Múltiple Ademi, Andrés Bordas, highlighted that it is a great satisfaction to be Symbiotics’ first partner institution in the Dominican Republic. “This agreement allows us to continue boosting financial inclusion and to channel capital toward the economic engine of our economy, MSMEs, so that thousands of Dominican microentrepreneurs can develop sustainably,” Bordas stated.
By entering a new market and partnering with a respected institution like Banco Múltiple Ademi, Symbiotics continues to demonstrate its commitment to scalable, inclusive financial solutions in emerging and frontier economies.
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For more information, contact:
Samy Derradji, Head of Corporate Communication, Symbiotics
samy.derradji@symbioticsgroup.com
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About Symbiotics
Symbiotics is the leading market access platform for impact investing, dedicated to private markets in emerging and frontier economies. The group offers investment, asset management and capacity building services. Since 2005, we have originated over 8,200 investments representing more than USD 10.5 billion for 608 companies in 99 countries. We manage an aggregate portfolio of USD 2.5 billion spread across 19 funds and mandates. Our portfolio companies have also benefited from over 170 technical assistance projects worth more than USD 19 million. symbioticsgroup.com
About Banco Múltiple Ademi
Banco Ademi is the only full-service bank specializing in microfinance in the Dominican Republic. For 42 years, it has worked with the same goal: to drive sustainable growth and generate positive social impact of Dominicans in the most underserved sectors of Dominican society, through financial products and services delivered via simple and agile processes. The bank operates a network of 74 branches across 28 provinces nationwide. bancoademi.com.do
