The banks begin to listen entrepreneurs

It is known that most ventures die in the attempt, but little is known that to make a leap other than vacuum the key is to get financing.

In Ecuador, a survey by the Herbalife Nutrition catalog company indicates that two are the main barriers to entrepreneurship: 70% say that the initial cost and 34% financing. 32% are afraid that the business will not be profitable.

In the world, 52% lack market information and financing. For this study, developed during April and May of this year, 23,500 participants from 24 countries were included.

Overall, and especially in Ecuador, where a total of 1,000 (500 men and 500 women) were interviewed, the survey pointed out that 52% – more men than women – who have not yet launched their own business, aspire to have it, have tried it or have already taken the first steps to do it.

Although close to 50% in the country, do not believe that it has an opportunity, 65% agree that they would feel more secure to start an independent business if they have the help and support of a partner, according to the study carried out by the company.

Some banks have realized this niche. For example, the Guayaquil and Pacific banks have specialized products for the entrepreneur, while other banks have consumer loans that can be used for these purposes, but without specialization. The Financial Corporation has an agreement with several entities.

The first has the specialized line ‘MiCrédito’, “a credit for you to do what you always dreamed for your business and your family”. It is a line of between 1,000 and 20,000 dollars at 12 and 42 months and only requires a copy of the identity card, RUC (Unique Taxpayers Registry), Rise (Simplified Tax Regime), certificate of the position or premises, receipt of some basic service and purchase invoices.

The Pacific offers from $ 2,500 to 100,000 at an interest rate of 8.5%, which has the “ease of coverage of the National Guarantee Fund up to 80% of the value of the credit; the difference will be granted at clean risk of up to $ 20,000. “

Payment terms are 72 months for fixed assets and 24 for working capital, with the security of having personalized support from the request of your product “.

Support for

The partner is important

Although close to 50% do not believe they have an opportunity, 65% agree that they would feel more secure to start an independent business if they have the help and support of a partner. In Ecuador more than half of them have taken the first steps to concretize their enterprise. More than 60% say that flexible schedules and the ability to be their own boss are some of the aspirations they have when creating their own business.

Source:https://www.expreso.ec/economia/bancos-nacionales-creditos-emprendimientos-EK2936879