Cibao Productive

Impact of Cooperatives in the Cibao




In an accentuated and somewhat surprising way, in the Dominican Republic and with greater emphasis on the Cibao region, cooperatives have shown great growth in the last 25 years, serving as support to many business entrepreneurship projects, especially of people from middle and lower class.

Also, cooperatives have been the basis for improving the quality of life of many families, who through savings and obtaining loans, have been acquiring furniture and equipment for use at home, which facilitates and accommodates their activities daily.


In the Cibao area, these entities also have social commitments with their communities in areas such as the environment, sustainable development, student scholarships, ambulance services, support for firefighters, support for sports, etc.


Cooperatives are private entities, made up of several people who join together as partners, in an attempt to achieve economic and social goals of interest to the group. Such goals would be difficult to achieve individually.

These institutions give more importance to their social role, something that does not happen in other types of financial institutions, in which the essential objective is profitability or economic performance. As is logical to suppose, these institutions are governed by legal statutes, having management and administration bodies to carry out their activities.

As a cooperative grows in number of members and its capital increases (through savings and contributions from its members), it achieves greater financial capacity to facilitate low-interest loans to members, based on what they have. already saved their respective payment capabilities.

One of the main benefits that cooperatives offer is to provide loan facilities to individuals and small businesses, which in many cases are not approved by commercial banks or other types of financial institutions.


The dynamism and development that cooperatives have achieved in the Cibao region in recent decades has had as one of its main supports the recognized entrepreneurial character of many people in the Cibao region.

In this area of the country, these institutions focus a lot on financial support to different communities, whose economic base is based on Agricultural Production (rice, banana, banana, coffee, cocoa, cassava, tobacco, etc.), Livestock Production ( cattle, chicken, pork, etc.) and Agroindustrial Processing (cheese, sweet, cassava, coffee, etc.).

Another important economic sector for the Cibao cooperatives is that of small and medium-sized merchants (pharmacies, grocery stores, workshops, shops, beauty salons, etc.).

Programs for families, through savings and financing, that facilitate the acquisition of household items (electrical appliances, furniture, kitchen equipment, etc.) cannot be ignored.

According to the President of the National Council of Cooperatives (CONACOOP), in an act of launching the IV National Cooperative Census, in March 2013, the numbers of cooperatives and members throughout the country were the following:

Reiterating that these figures correspond to the country as a whole, we can easily observe the growth that cooperatives have had (especially from 1998 to 2012), the increase of more than 1 million in the number of members being very significant.

We can affirm without fear of being wrong that in the Cibao region the expansion of the sector has been proportionally higher than the rest of the country, both in number of cooperatives and branches, as in the number of partners and volume of financial resources. The sustained growth of cooperatives in the Cibao and its impact on different economic sectors, translates into a greater dynamism of commerce in each city and community.

Cibao Networks Productive

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