BanEcuador has a total of more than 300 million dollars delivered in 100,000 1×30 credits, and the latest took place this weekend in the canton of Santa Lucía, in Guayas, where small producers and agricultural leaders from this province participated, as well as from Esmeraldas, Manabí. , El Oro and Los Ríos.

Credit 1×30 is a product created by the current government that allows for a repayment term of up to 30 years and an interest rate of 1%. A few days before the change of government, which will be on November 23, they continue to be delivered. The Guillermo Lasso administration’s offer was to give $1,000 million over four years of administration (2021-2025), but its term was cut to two and a half years when it declared a death cross that forced early elections.

BanEcuador resumed 1×30 loans after a two-month break and without guarantee that these and new services will continue in the next government

In Santa Luca, loans of $2,000 and $3,000 were given, and several authorities were involved: the government minister, Henry Cucalón; Chairman of the Board of BanEcuador, Mauricio Salem; and CEO of the financial institution Fernando Chiang.

The director of BanEcuador recalled the conditions in which he received the institution and the changes achieved during the thirty months of management, such as the improvement of customer service with the reduction of queues, new products and services such as the BanEcuador-Mastercard debit card and the democratization of credit. “We have served more than 300,000 families with $1.22 billion in loans, the average of which is between $4,000 and $8,000; That is, we are focused on the base of the country’s production pyramid,” he said.

Credit BanEcuador 1×30 is growing more and more among women and young people and would close this year at 180 million dollars

While Cucalón said that there is no greater social measure than “believing in people” and ensuring the financing of these characteristics. “This is due to opportunity,” he pointed out.

On behalf of the beneficiaries, Santos Villamar, head of the Corporation of Montuvias, Fisheries and Productive Organizations (CORMOPP), thanked the management of BanEcuador for responding to the historic demands of the peasant sector with “affordable financing that really drives the economy. The prefect of El Ora, Clemente Bravo, acknowledged Mauricio Salem and pointed out that “the greatest driving force of the country is agriculture”, and thanked him for recognizing the importance of this sector by granting loans that encourage its development. This is according to the quotes he collected banking entity in the statement.