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CUBA’S growing ranks of the self-employed will be able to apply for loans of up 10,000 pesos under a new program established by the Banco Popular de Ahorro (BPA),
THE “collateral” for the loans will be a linked savings account (monthly amortization 200 pesos)
The bank also extended the grace period for the amortization of the loan from 5 to 10 years, and reduced the amount of paperwork needed for this operation. Published by AIN