BanEcuador, a public bank of Ecuador, offers loans to micro-enterprises that need help to start their business. Therefore, only people whose sales are in the last year can apply do not exceed $100,000.
Credit is offered from 500 dollars, and the repayment term is up to 10 years for fixed assets and 3 years for current assets. Likewise, the grace period is up to 3 years for fixed assets and 1 year for current assets.
Loan payments can be made monthly, bi-monthly, quarterly, semi-annually, annually or upon maturity, as specified in Web page from Ban Ecuador.
What are the requirements for applying for a BanEcuador loan?
Real here is the credit simulator to have an idea of the payment installments, depending on the amount you want to receive.
How to apply for a micro business loan
Source: Eluniverso
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