The program effectively brings out the entrepreneurial spirit of its members, helping them in their efforts to be productive.  FSMA has an ambitiously designed growth strategy to bring these opportunities to impoverished communities of the Dominican Republic.  The program has established a regional office in San Cristobal and the demand for its services has been enormous.  Within the first five years of operations the foundation plans to expand operations, and in fact has grown not only throughout the province of San Cristobal, but also towards the southwestern neighboring provinces of Peravia and Ocoa, as well as the northern Monte Plata Province.  By the beginning of the year 2010 the organization expects to be offering financial services for the development of micro businesses to more than 10,000 families in the rural and peri-urban areas of the country.  In order to make these projections a reality that foundation needs to raise over USD$3 million.  The funds needed to establish the initial portfolio of the institution has been provided by its founders.  For the next five years and until 2010, FSMA will be looking for funding from external sources for the balance of its needs.  The idea is to obtain what the organization has established under an intense business plan in reaching 10,000 family members of the poorest sectors of the Dominican society. During this period more than 90% of the financing will be destined to financing the growth of the loan portfolio.  It is expected that the foundation's execution of the next few years will attract potential investors to obtain the necessary resources for expansion into new areas beyond the 10,000 families it has projected to reach by this time.

Meanwhile and for the time being, the organizations’ projections are purposely conservative, so as to maintain capital needs within expectable and reasonable accomplishment.  With the mentioned level of funds, FSMA can make a significant impact in what is probably one of the more problematic and critical development problem areas that the Dominican Republic faces at present.  By mid 2007 the foundation became self sustaining, that is, capable of covering 100% of its operating costs; and, is well positioned to obtain additional commercial funding for its long term growth .  If the institution can obtain these objectives, as projected, it can become the national leader in the area of microfinance to the “poorest of the poor”.  The next few years are of vital importance, both for the development of FSMA as well as for its participating members.  For more information and opportunities of funding micro finance in the Dominican Republic please contact us.