They are financing lines with special conditions for families and for micro, small and medium-sized businesses, respectively.
The floods in Florida and other departments of Uruguay affected by the heavy rains on Wednesday night, and the consequent flooding of the rivers – especially the Saint Lucia boy and the Yí— They not only caused more than 4,000 people to evacuate their homes, but also caused damage and material damage of different levels of severity. For this reason, different institutions will offer financial alternatives to contribute to the recovery of the victims.
Places that, a year ago, longed for even a minimum of rain, are flooded today. This is how changing climate phenomena are, whose intensity is also enhanced by the global climate crisis.
In this context, which still prevents more than 4,000 people from returning to their homes and which caused thousands of others to face significant material damage, both the Republic Bank (BROU) as the National Development Agency (ANDE) They announced special lines of credit to contribute to the coming recovery.
In the case of BROU, the institution enabled a line social credits with “special conditions” for families affected by the floods, which can be requested at any branch in the country. The loans will be granted with “soft conditions” such as subsidized interest, payment terms of up to 60 months, and early renewal for families that already have a current loan.
“The amount depends on the family’s income. In each situation we will see the relationship that the fee has with the family’s income and we will be able to reach the maximum that can be given in each situation,” explained the manager. of BROU, Mariela Espino; which also assured that consumer credit is freely available.
In return, the only additional document will be requested: proof that the people were really affected by the climatic events, either Emergency Coordination Center (Cecoed) or any body that can verify exceptional circumstances.
For his part, the director of ANDE, Martin Ambrosi Happelannounced that the agency enabled a line of credit for micro, small and medium enterprises affected “due to adverse weather events.” Although there are still no further details in this regard – they will be available from Monday in the Microfinance Institutions-, It’s about a subsidized credit for companies affected by floods and storms.
Source: Ambito
