People adversely affected by Tranvia construction delays can apply for a loan of up to $ 20k in credit through BanEcuador. Approximately 2.000 people are eligible. The loan is based on a five-year note with the possibility of an additional grace period of one year. The credit line will have an interest rate of 9,76%. The collateral can be personal objects, houses, and more. Beneficiaries can be natural persons or companies. “These microcredits were designed during the dialogue between producers, business owners and services providers”, said Santiago Campos, general manager of BanEcuador. “With these loans, we establish a means to…
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