Tomorrow at 11:00 in Latacunga there will be the official launch of the credits at 1% and up to 30 years term.
It is Wednesday, January 5, at 11:00, at the Cantonal Agricultural Center of Latacunga, the President of the Republic, Guillermo Lasso, will launch the Agricultural Investment Promotion Project in order to grant targeted productive credits, at 1% annual interest for up to 30 years term.
The idea is “to place in the hands of the Ecuadorians who need it most a total of $ 100 million over 12 months, benefiting at least 43,000 micro-producers, until the year 2025 ″, the Communication Secretariat said in a statement.
In the morning, President Lasso had informed that the microcredits to be delivered will be amounts between $ 500 to $ 5,000.
According to Secom, “many of these will be aimed at strengthening the economy of Ecuadorians and Ecuadorians, since, during the first phase, at least 40,000 families will have the opportunity to invest in their ventures, among which are those led by women”.
Other benefits of the implementation of this production strategy will be the generation of new jobs and the revitalization of the economy as a whole around the clusters established for the provision of goods and services used in agricultural and livestock processes.
On the subject, representatives of microfinance financial institutions and cooperatives consider that this type of government measures, If they are not well defined, they can generate unfair competition for their sectors.
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