In the presence of President Luis Abinader, the Popular Association of Savings and Loans (APAP) announced the investment of 277 million pesos in social retribution investments during the current year.
The information was offered by the president of the Board of Directors of the financial entity, Lawrence Hazoury, in an act as part of the celebration of the 60th anniversary of APAP.
Hazoury explained that of the announced figure, 139.4 million pesos, will be invested in 60 apartments for its members-savers; 30 million pesos for an accessibility and inclusion project for the city of Santo Domingo, in coordination with the Mayor’s Office of the National District; 55 million pesos in university education; 23 million pesos for the development of sustainable communities and 29.2 million pesos for the promotion of art and culture.
“APAP will provide 60 decent homes to 60 saving members, reaffirming the social vocation and vision with which this entity was created,” said the president of the Board of Directors of APAP.
He indicated that the growth history of the institution is intertwined with the history of all Dominicans, making it a benchmark for family housing in the country.
“On its 60th anniversary, APAP is renewed, reaffirming its mutual nature, promoting savings as the basis for investment and growth, housing, SMEs, commerce and consumption through credit,” he said.
He stated that the investment in higher education will be focused on 60 undergraduate scholarships and 60 scholarships for technical careers that are part of the fourth industrial revolution, such as automation, data networks and the Internet of things.
joint project
Hazoury highlighted that together with the Mayor’s Office of the National District, 60 intersections in the city of Santo Domingo will be converted into accessible and inclusive spaces.
The event, held at the APAP headquarters, was accompanied by President Luis Abinader, the Ministers of Industry and Commerce and Mipymes, Víctor Bisonó; of Housing and Buildings, Carlos Bonilla Sánchez. Also the Superintendent of Banks, Alejandro Fernández; the Superintendent of Securities, Gabriel Castro and the mayor, Carolina Mejía.
Its executive president, Gustavo Ariza, participated together with Luis López, vice president of the Board of Directors; David Fernández, secretary, among other members.
APAP has financed 122 thousand homes
Lawrence Hazoury said that the Popular Savings and Loans Association was born in 1962, with a capital of 166 thousand 320 pesos and when celebrating its 60th anniversary it has more than 23 billion pesos. Likewise, he indicated that the entity has financed 122,000 homes and has retained the trust of saving members and clients. “We are a financial entity that seeks the highest degree of excellence in its work, tied to social commitment,” he said.
