In 1999 ADOPEM embarked on a project of transformation to be able operate as a regulated financial institution.  However, in 2002, due to the deterioration of the Dominican economy, this strategy was changed and ADOPEM commenced negotiations with the Banco de Desarrollo del Valle (BDV), a banking institution that shared ADOPEM’s mission of serving the most-needy. 

During 2003 ADOPEM concentrated on completing the requirements of the First Resolution of the Monetary Board (passed on the 26th of March, 2003) to transfer 100% of the assets of Banco de Desarrollo del Valle(BDV) to ADOPEM. 

ADOPEM assumed the responsibility of developing the active microfinance products of BDV and transferred the portfolio and personnel of BDV to ADOPEM La Vega al Banco del Valle, S.A. ADOPEM La Vega al Banco del Valle closed the year with a loan portfolio valued at RD$11,291,082.00 distributed amongst 1,223 clients.  The average loan size was  RD$9,232.28, thereby guaranteeing that the loans were disbursed to the microenterprise sector of the province of La Vega. 

Regarding liabilities, ADOPEM started trainings and pilot projects of 3 savings products – programmed savings (SAN), savings books and certificates of deposit.  During 2003, ADOPEM captured RD$ 14, 293, 389.00 of savings, of which 43% corresponds to new clients; 4% is constituted by savings books and 96% by certificates of deposits.   Actualizar este dato.  Additionally, ADOPEM has also started installing and implementing ATMs.  Another important aspect of the transformation was developing relationships with local and international investors.  At the beginning of 2003, ADOPEM was evaluated by the World Bank, the IFC (definir) and Women’s World Banking as a part of due diligence.  The results of said evaluations were very positive and ADOPEM received investments from these institutions totalling US$2.0 million.  During 2004 Banco ADOPEM made significant achievements, the most important being the authorization of Banco Ahorro y Credito ADOPEM as dictated by the first resolution of the Monetary Board on the 9th of December, 2004.  Other accomplishments achieved during 2004 include:

• The transfer of the main office from La Vega to Santo Domingo (calle Heriberto Pieter, Ensanche Naco)
• Two new branches opened in Santiago and one in Moca, all authorized to operate as regulated banks by the Superintendence of Banks on the 28th of July, 2004
• The completion of 90% of the business plan for the years 2004-2006 as set by the Superintendence of Banks to comply with the fifth resolution of the Monetary Board of the 11th of March, 2004
• The diminution of the index of decapitalization (??) from 65.60 in 2003 to 5.1 in 2004
• The reduction by 71% of the accumulated loss which totalled RD$14 million and is now RD$4 million.
• The increase of paid-in capital by 261%, from RD$21 million to RD$76 million
• The completion of the legal reserve requirement of 15% while presenting surpluses throughout the year
• Achieving a solvency index of 60.07%, well within the 10% expected by normal prudence
• Implementing new internal policies to ensure efficient operations
• Completing all the requirements of normal prudence