70,000 loans go to the popular economy

The National Government, through the National Popular and Solidarity Finance Corporation, delivered $ 364.9 million in credits in two years.

The President of the Republic, Lenin Moreno, requested that no credit be denied to older adults or to mothers who have a child with a disability.

In the first case because they are people who still have a lot of experience to contribute to the country; and in the second, because they are women who need help.

These were the expressions of the President in the act that took place this Wednesday, June 26 in Sangolquí, with which the delivery of $ 75 million to entrepreneurs of the Popular and Solidarity Economy (EPS) was made official.

This amount is part of the $ 364.9 million that the Government, through the National Popular Finance and Solidarity Corporation (Conafips), has delivered for productive and housing loans since 2017.

Although the money is usually disbursed through savings and credit cooperatives, these last $ 75 million were also granted for the first time through community savings banks and banks. The Conafips delivered this amount between January and June of this year.

In the event, the fair “Employment and Entrepreneurship in the Popular and Solidarity Economy” was held, in which several initiatives were shown that improved their production thanks to government credits.

One of them is La casa de la piñata. Rosana Gualle started this venture 15 years ago, without capital. His work used recycled material at the beginning. It was only a year and a half ago that he was able to access a $ 7,000 loan at the 29 de Octubre Savings and Loan Cooperative. With the resources, he bought new material and was trained to expand his services.

Another example is that of Jorge Simabaña. For two years, after losing her job, she decided to make clothes. He started his business called Kokes, with $ 2,000 of his savings. A year ago, he agreed to a loan of $ 5,000 at the San Juan de Cotogchoa cooperative. With this money he bought machines and various fabrics to increase his sales.

Gualle and Simabaña are among the 61,000 beneficiaries of state funding. According to Moreno, 70,000 loans have already been delivered to the EPS.

“The Government ratifies its unwavering desire to serve those who need it most. Everyone has the right to have credits to undertake (…), “said Moreno.

Source: https://www.eltelegrafo.com.ec/noticias/economia/4/gobierno-entrega-75-millones-emprendedores