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Almost half of the rural population lives on less than USD 2.80 a day
The unemployment rate for women increased from 5.7% to 7.4% between 2019 and 2020
In one year, more than 650,000 people lost their jobs; index would recover in four years, according to experts
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$ 346 million more in mortgage loans in 2014

Posted On 24 Jun 2014

iess-creditos-hipotecarios-aumentanThe Bank of the Ecuadorian Institute of Social Security (BIESS for its Spanish acronym) recorded a balance of mortgage loans for housing that grew by $ 346 million from December 31, 2013 until May 31, 2014.

In this period the number increased from $ 3,439.5 million to $ 3,785.5, respectively. It reflected an increase of 9.4%.

On the other hand, the balance of unsecured credits of the BIESS grew by $ 156.6 million, from $ 1,700.2 million to a total of $ 1.856.8, ie an 8.43% growth.

The total portfolio of BIESS until May 2014 is $ 12,913.5 million.

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Almost half of the rural population lives on less than USD 2.80 a day

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