The President assured that the smallest sectors of the economy need financing that “does not hang them.”
This January 4, 2022, during a radio interview, President Guillermo Lasso assured that the credits at 1% and with a term of up to 30 years It is already underway and the official presentation of the program will take place tomorrow (January 5, 2022) from Latacunga.
The President said that the amounts awarded will be between $ 500 and $ 5,000 for the agricultural, livestock, small industry, new ventures in the agro-industrial sector, among others.
However, it will also seek to give credits less than $ 500, which would be directed, for example, to “someone who wants to put a patent leather to sell candy and cookies on the corner of town.”
In this sense, Lasso stressed that one of the main goals of cheap financing is to reactivate the informal sector of the economy, which was affected by the pandemic.
“Many had their businesses and since they couldn’t go out into the streets to sell, because they were confident, they lost their operating capital; the products I had as inventory were already sold out. They require new capital, but a capital that does not hang them, that gives them a term of up to 30 years and at a rate of 1%. These are facilities never seen before, “he said.
Likewise, the President added that the debts for credits Previous unpaid payments will not be an impediment to being a beneficiary of the new financing.
«We are not going to consider the risk, the historical record of credit of the person requesting the credit, because many have had problems as we all do in life and have not been able to pay their loans, “he said.
Lasso also recalled that the greatest emphasis for financing will be on Ecuadorian women.
«That single mother woman, that woman abandoned by her husband in charge of a son, two children, three children, who cannot find a job and whose only way out is a new entrepreneurship«, He asserted.
Finally, the President assured that doubts about the effectiveness of the initiative will be cleared as it is verified that the money exists, the procedures are simple, the credits and production is facilitated. (JS)
