Daniel Noboa provided shares to BanEcuador, what happens to the debts? – The Nation

2024-10-02 05:06:33

Daniel Noboa announces socks in BanEcuador for entrepreneurs, providing economic relief.

This measure seeks to provide immediate relief to those entrepreneurs who have accumulated debt while trying to sustain their businesses in difficult times.

Refinancing of expired operations

In addition, Noboa announced a refinancing plan for the rest of the expired operations. “We know that you asked for this when you had hope in the country, when you did not imagine that things were going to get so hard due to governments that did not give you guarantees,” said the president.

This refinancing seeks to offer entrepreneurs a opportunity to reorganize your finances and move forward with your projects.

Assessment of entrepreneurial effort

Noboa highlighted the importance of entrepreneurship for the country’s economic development and reiterated his government’s commitment to support entrepreneurs. “This government does value your effort, your entrepreneurship and your contribution. May this financial relief be the beginning and peace of mind that you long for,” he declared.

BanEcuador and its operation

BanEcuador, a public entity, specializes in finance rural sectors. Its mission is to support farmers, ranchers and entrepreneurs. Offers accessible credits and financial inclusion programs. The institution works through branches throughout the country. Evaluates productive projects and awards loans at preferential rates. Furthermore, it providestechnical and financial consultancy. BanEcuador facilitates access to economic resources for small and medium-sized businesses. Promotes the economic growth and rural poverty reduction. Contributes to the sustainable development of vulnerable communities.

By: THE TRADE