Loans granted by the Government through BanEcuador with an interest rate of 1% and a term of up to 30 years have so far been received by 76,774 farmers, traders, craftsmen and entrepreneurs who received a total of 220.4 million dollars in financing for your projects.
Most of the loans went to women: $116.2 million in 40,858 credit operations, according to data provided by BanEcuador. While the men agreed to the amount of 104.1 million dollars.
The subject details the five provinces with the largest investment in 1×30 credits:
BanEcuador plans to invest 250 million dollars this year and has 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 Portfolios and culture. One of the sectors that will include the attention of these loans is that of artists.
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This government program started in January 2022, granting up to USD 5000 with these preferential interest rates and in the long term, it progressively included more sectors, for example, this financing became available to artisanal fishermen in 2023. Also for entrepreneurs in the tourism sector with loans of up to USD 20,000 with 5%.
“From the public bank, we confirm our constant commitment to effectively and qualitatively monitor the base of the country’s production pyramid and motivate its economic progress,” the bank’s statement reads.
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