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Popular reviewing Doral’s social responsibility programs

Doral had an active corporate social responsibility agenda prior to its closing last month. (Credit: © Mauricio Pascual)

Doral had an active corporate social responsibility agenda prior to its closing last month. (Credit: © Mauricio Pascual)

Two weeks after picking up the majority of the assets of the failed Doral Bank, Popular Inc. is reviewing the six corporate social responsibility programs the former institution had going, which benefited hundreds of Puerto Rico residents over the years.

Prior to it’s closing by the Federal Deposit Insurance Corp. on Feb. 27, Doral had initiatives in place to help entrepreneurial women, communities, and home owners, among others.

“We’re evaluating the initiatives to decide what we will be incorporating. They were doing many good things that are in line with what we do,” said a Popular official who spoke on the condition of anonymity, saying it is too early to know which programs will make the cut.

Doral’s community programs were:

  • “Mujeres d Éxito,” an umbrella for three initiatives: “Despegue Empresarial,” to support entrepreneurial women who had established businesses for at least two years, “Fondo Doral,” to help micro-entrepreneurial women establish their business, and “Internado Doral,” which helped women college students gain professional experience in their field.
  • “Ruta Mujeres d Éxito,” an initiative that offered free educational workshops for entrepreneurial women offered by professionals.
  • “Dparques,” an initiative to create green spaces in communities in partnership with the Department of Natural and Environmental Resources.
  • “Pink,” an initiative to help cancer-related causes, such as the walk led by local artist and comedian Raymond Arrieta, to which Doral donated $100,000 a year, and “Ruta Pink,” which offered free mammograms islandwide from 2008-2010. Furthermore, the bank also helped the Pediatric Cancer Center by participating in the “Naricitas de Amor” campaign, collecting and donating more than $50,000.
  • “Dmuseo,” an initiative through which it offered free passes to the Puerto Rico Museum of Art to more than 40,000 families who also got the chance to participate in free art workshops.
  • “Ruta D Hogares,” an initiative that offered tools to purchase or keep a home. Through the program, Doral donated more than 16 homes in partnership with several municipalities.
Author Details
Author Details
Business reporter with 30 years of experience writing for weekly and daily newspapers, as well as trade publications in Puerto Rico. My list of former employers includes Caribbean Business, The San Juan Star, and the Puerto Rico Daily Sun, among others. My areas of expertise include telecommunications, technology, retail, agriculture, tourism, banking and most other segments of Puerto Rico’s economy.

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