‘Bank of the People’ will grant productive cloans from $ 600 to $ 15,000

The Government presented yesterday in Guayaquil the new financing services BanEcuador B.P. will provide for entrepreneurs and people who long to buy their own home.

The programs will be: ‘People’s Bank,‘ inspired in a proposal of the Nobel Peace Prize Muhammad Yunus. And ‘House for all,’ an emblematic plan of the government of President Lenin Moreno.

Chairman of the BanEcuador board Ruben Flores said that the “People’s Bank” will offer specific lines of loans for entrepreneurs in the urban sector and the “Gran Minga Agropecuaria” will grant loans to farmers.

This program will grant credits from $ 600 to $ 15,000, at interest rates of less than 10%, whose deadlines will be adapted to the type of enterprise.