Santo Domingo.- The Cisneros Foundation celebrated the first quarter of collaboration with the Fund for Development Inc. (FONDESA), aimed at promoting viable development projects that contribute to the social and economic improvement  of the inhabitants of the town Miches (northeast).

The alliance, forged in September, 2008, will allow a permanent institutional cooperation to expand its projects in the areas of education, the Cisneros Foundation specialty, and micro-finances, Fondesa’s specialty.

The celebration of the agreement took place in Miches, in the presence of executives of the Cisneros Foundation, FONDESA, municipal officials, representatives of the bank Popular, and officers of the Armed Forces Vocational Schools, outstanding personalities of the area and residents of Miches.

In his speech FONDESA president Cristian Reyna said the organization has granted around 100 micro-credits of nearly four million pesos in just three months, to generate business activity and around 103 jobs in Miches.

Moreover, Adriana Cisneros de Griffin, president of the Cisneros Foundation said the entity is committed to develop not only the education initiatives in Latin America, but also sustainable development projects with social, environmental and economic programs that promote and expand the Development Objectives of the Millennium, in Miches.

She said the alliance with FONDESA has been essential to expand the Cisneros Foundation’s impact in the economic area and to bolster the contribution in the area’s education in Miches.