The conditions of unsecured loans have suffered four changes since March 4. The unsecured loans are granted to affiliates of the Ecuadorian Institute of Social Security (IESS) for consumer spending in general. It also finances the payment of alimony.
The maximum loan amount depends on the ability to pay of the affiliate; the benefits are unemployment funds and / or reserve funds.
Since March, the Biess reduced that ceiling. The affiliate may request a maximum amount of his unsecured loan up to 80% of the money accumulated in his reserve funds and / or unemployment funds, provided that this does not exceed 80 basic wages (USD 29,280 this year).