BIESS financial solutions for emergencies: BIESS launches unsecured and suspends auction on pledge.
The Bank of the Ecuadorian Social Security Institute (BIESS) has designed measures to provide affiliates and retirees with a financial option with preferential conditions, in the event of a health emergency and a state of emergency.
President Lenin Moreno explained that the BIESS will allocate $ 100 million for emerging loans up to $ 2,500 with a term of 3, 6 and 9 months, with interest rates of 6.5 to 8.5% with a 3-month grace period.
For users of pledge loans, to which any citizen can apply, it was announced that the jewelry left as garments will not be auctioned, since an immediate renovation will be carried out and the clients will have a period of 6 months to recover their jewelry.
Additionally, the BIESS, in alliance with the National Finance Corporation (CFN) will make available to small and medium-sized companies 50 million dollars in credits for economic reactivation, to preserve the employment of thousands of jobs for Ecuadorians.
The BIES works through its virtual channels to guarantee users more online services that facilitate the access of affiliates and retirees to their credit products with the best conditions, through the website www.bies.fin.ec and the 1800 BIESS7
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