BanEcuador BP signed, in the canton of El Carmen, province of Manabí, a cooperation agreement with the National Federation of Banana Producers of Ecuador (Fenaprope). According to a statement released by BanEcuador, "The purpose of this agreement is to strengthen financial inclusion, as well as the promotion of financial and non-financial products and services among associates, facilitating their access to credits according to the economic and productive conditions of the sector."
The agreement was signed by the general manager of BanEcuador BP, Fernando Chiang, and the president in charge of Fenaprope, Luciano Marquinez. The Chairman of the Board of Directors of BanEcuador BP, Mauricio Salem, participated as an honorary witness.
During the event, small producers of Barraganete bananas for export received 1×30 credits from the public bank to finance field work such as fertilization and fertilization.
The president in charge of Fenaprope said this was the first time this credit has been granted in the country, and that it was now possible to grant it thanks to the Government and the current administration of the institution.
During the government of President Guillermo Lasso, BanEcuador BP has carried out more than 33,000 credit operations in Manabí, for an amount of more than 113 million dollars; mainly to the agriculture, livestock, and commerce sectors. In the case of El Carmen, more than $10 million in funding has been delivered to more than 2,700 beneficiaries.