Alimony is a legal obligation that is determined by a judge before one of both parents and that enables the financing of the child’s needs until the age of 21.

The amount awarded is linked to the income of the parents. In case of non-compliance by the defendant, Article 137 of the General Organic Code of Procedures states that an enforcement order can be ordered in case of non-compliance with the payment of two or more pensions.

The Judicial Council maintains the Unified Pension Maintenance System (SUPA) in which pension payments are recorded and made.

To avoid situations like court orders, defendants have several options for financing these securities. One of them is a loan given by financial institutions at different rates. Several banks in their portfolio of services have the approval of consumer loans for the needs of their clients.

However, it is not the only option. The Bank of the Ecuadorian Social Security Institute (Biess) has the option of unsecured loans for the payment of alimony.

To access this service, an IESS affiliate must have at least 24 consecutive contributions and must not be in arrears on a loan with IESS or Biess. Pensioners can also opt for this product.

The entity stated that the personal data of users with parental rights must be available, such as:

After that, a form must be printed for approval of the transfer of funds, which must be signed by both the credit holder and the beneficiary of parental rights.

“The payment is made to the user’s account with the parents after the loan is approved,” said Biess.