Arab Today, arab today cuba eases policy for granting credit to private sector
Last Updated : GMT 16:24:37
Arab Today, arab today
Arab Today, arab today

Cuba eases policy for granting credit to private sector

Arab Today, arab today

Arab Today, arab today Cuba eases policy for granting credit to private sector

Havana - XINHUA

Cuban Central Bank (BCC) has issued a resolution to ease the policy for granting loans to the country's private sector, according to the Official Gazette published here on Saturday. The resolution updated a previous one issued in 2011, extending more financial support to "self-employed" workers, as private entrepreneurs are called by Cuba's official media. Under the new resolution, applicants may request a loan for a minimum of 1,000 pesos (about 40 U.S. dollars), against the previous 3,000. This will help those entrepreneurs who need a smaller amount of money. The term of repayment now extends from five years to 10 years, depending on specific business activities. Presidents of local bank branches are now authorized to give smaller amount loans and extend longer terms of repayment. However, Jose Alari, president of the Popular Bank of Savings, said that new private workers would still fear to face a bank institution, because they would be subjected to inspections on their incomes by bank officials. Several new entrepreneurs told Xinhua that they had different sources of financing for their own businesses, but none had visited bank offices. Most of them started their businesses with their personal savings. Others have turned to their relatives or friends, who in many cases reside overseas.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cuba eases policy for granting credit to private sector Arab Today, arab today cuba eases policy for granting credit to private sector

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cuba eases policy for granting credit to private sector Arab Today, arab today cuba eases policy for granting credit to private sector

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday