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[Economics] In 1% loans, $220 million have already been delivered and BanEcuador plans to place $250 million in 2023


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More than 76,000 peasants, merchants, artisans and women have financing. With the ministries of Housing and Culture, it is ready to expand coverage.

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The credits that the Government grants through BanEcuador with an interest rate of 1% and a term of up to 30 years have been granted so far to 76,774 farmers, merchants, artisans and women entrepreneurs who have received a total of $220.4 million in financing for your projects.

Most of the loans reached women: $116.2 million in 40,858 credit operations, according to the data provided by BanEcuador; while the men agreed to an amount of $104.1 million.

The entity details the five provinces with the highest investment in 1x30 credits:

  • Guayas with more than $28 million.
  • Manabí with $24.6 million.
  • Los Ríos with $21 million.
  • Pichincha with an amount greater than $14 million.
  • Loja with $13.4 million.

BanEcuador plans to place $250 million this year and for this it indicated that it is strengthening its work and agreements with the ministries of Agriculture and Livestock, Production, Foreign Trade and Fisheries, Tourism, Economic and Social Inclusion (MIES) and soon with the Urban Development and Housing and Culture portfolios. One of the sectors that will include in the attention of these credits is that of artists.

This government program began in January 2022, granting up to $5,000 with that preferential interest and the long term, it has progressively been incorporating more sectors, for example, in 2023 this financing was made available to artisanal fishermen. Also for entrepreneurs in the tourism sector with loans of up to $20,000 at 5%.

"From the public bank we ratify our permanent commitment to serve with efficiency and quality based on the productive pyramid of the country and motivate its economic progress," the bank said in a statement.

 

https://www.eluniverso.com/noticias/economia/en-creditos-al-1-ya-se-han-dado-220-millones-y-banecuador-proyecta-colocar-250-millones-este-2023-nota/

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