The purpose is to help entrepreneurs, micro, small and medium-sized entrepreneurs in the popular and solidarity economy sector overcome the crisis. For this, the National Corporation for Popular and Solidarity Finance (Conafips) managed more than $ 1,000 million in productive loans for this sector.
The news was announced by the chairman of the board, Roberto Romero, through the 2020 accountability report. The resources were delivered by the National Government to boost the economy. These funds were delivered through credit unions nationwide.
“From Conafips we have strengthened and promoted in a democratic and inclusive way all the productive activities of the country such as commerce, service, production and mainly in the agricultural sector,” Romero stressed.
“38% of our loans are in this sector,” added the official in his 2020 accountability.
As part of the public policy in the plan called the Violet Economy, the corporation gave $ 330 million to women entrepreneurs, which represents more than 47% of the loans granted, he gave as an example.
In addition, the solidarity guarantee service allowed them to access more than $ 213 million during the pandemic and guaranteed $ 86 million.