The beneficiaries of the Human Development Bonus have the option of accessing an advance to carry out smaller projects.
In order to reduce poverty to 3.6% by 2021, the Ecuadorian Government implements mechanisms. One of them is a credit that is granted to the beneficiaries of the Human Development Bond, whose objective is that they undertake productive activities in order to increase their income.
The Deputy Minister of Economic and Social Inclusion, Marco Cazco, explained that this loan is an advance of up to one year of the Human Development Bonus to start businesses. The State grants beneficiaries an amount of up to $ 600 to start a business without the need for a guarantee and is paid through BanEcuador EP.
Within this system, another modality is associative credit, thanks to which an advance of up to two years, that is to say $ 1,200, can be accessed, as long as 10 beneficiaries are gathered for productive activities. In total for each of these associations are delivered $ 12,000.
The official said that during 2017, the Government delivered 93,000 Human Development loans under both modalities, mostly in the provinces of Guayas (24%), Manabí (14%), Los Ríos (13%), Esmeraldas (7%) and Chimborazo (5%).
In a conversation held this week in which representatives of the academy participated, the official explained that before the delivery of the credits, the applicants are given a training on the entrepreneurship that they will carry out, they are helped in the design and development of a business plan and then a technical support during the execution of the productive project.
Diego Valencia, undersecretary of Economic Inclusion, stressed that the granting of credit must be accompanied by a policy that allows the opening of a market so that entrepreneurs can market their products.
Entrepreneurship training is essential for the productive development process, since it allows the different projects to consolidate and generate both economic resources and jobs and overcome poverty conditions.
93 thousand individual and associative human development loans were granted in 2017.
This policy seeks that the credit beneficiaries have the possibility of accessing productive properties. (I)