“Stretch Your Dollar” with Doral

dollarFor those looking to make their money work for them, Doral Bank’s campaign is a good way to start.  “Stretch your dollar with Doral” is a way clients can get their deposit accounts to make the most of their dollars.  By instigating this campaign, Doral is promoting features in its checking accounts that are easy-to-use and comprise tools that “stretch the dollar.”

According to the bank’s Product Manager, Katiria Resto, “as a banking institution we want to inform our customers, and the communities we serve, the checking account options we offer along with the benefits that work for them. With accounts that help stretch that dollar, we want to be providers of banking solutions that can help our clients focus on enjoying their day to day.”

Doral Mortgage Partners with San Juan Board of Realtors

Doral Mortgage, part of Doral Bank, has just announced the partnership with San Juan Board of Realtors. Doral Mortgage has reaffirmed its commitment to its members and has announced its support to continued education programs.

At the oath ceremony, Jesús F. Méndez, Operations EVP of Doral Bank Puerto Rico, took the oath of Eduardo Santos Alvarado, the new president of the San Juan Board of Realtors. The event was attended by realtors, members of the M-Loan, Doral Mortgage, representatives of the Builders Association and others.

Santos Alvarado discussed his support of Doral and said, “It’s important to work together to achieve the goals we all have in the mortgage market. Our present is challenging, therefore, it’s important to know the existing opportunities to provide successful solutions to consumers in a responsible manner and that’s what we are looking for with our partnership with Doral.”

Mendez said that it “is essential to establish such partnerships in times of economic change, emphasizing that Doral has always distinguished itself by extending services of opportunities and alternatives for citizens in programs that aimed at the acquisition of homes. With programs such as HARP (Home Affordable Program Refinance) and FHA Streamline, they have allowed families to refinance their mortgage at a lower interest rate even at a time when the value of the property has been affected, allowing a significant financial relief for these families”.

Local Business Development On the Rise

USAID funds the Local Business Development Program in Ecuador, focusing its efforts on increasing incomes and creating employment for families along the northern and southern borders. Its projects include “facilitating the expansion of private enterprises” and “strengthening local private producer groups and associations” in the region.

Ecuador’s Local Business Development Program worked to cultivate a wide range of sustainable changes within the target population by providing ideal opportunities for families to develop their own businesses or obtain jobs within different sectors of the economy. The program “strived to foster a competitive private sector environment in Ecuador that stimulated and promoted employment and increased incomes.”

Banks and other companies are also lending their resources to the development of local businesses all over the world. Doral Bank, with CEO Glen Wakemen, launched such a project for local businesses in Puerto Rico to help them “develop, strengthen and grow.”

Doral explains: “Comerciantes d comunidad is a joint effort with community-based organizations. Its goal is to aid in the local small business development, strengthening and growth. Through $1,000 to $10,000 loans, this community program’s objective is to support the local small business owner, as well as Puerto Rico’s economic development.”

The bank has several other similar programs and partnerships, including Traders d Community. Vanessa Mejia of the Women’s Business Institute said: “We are pleased that this partnership reinforces our commitment to the development and sustainability of business in Puerto Rico.”

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