TRUJILLO -VALERA/President Maduro: Public banks will provide more than 1 million loans to entrepreneurs

Rally in favor of the candidate of the Great Patriotic Pole, Nicolás Maduro
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Published at: 22/07/2024 12:43 PM

The candidate for presidential re-election, Nicolás Maduro Moros, during his meeting with the People of Valera, in support of his candidacy, announced the funding of 1 million 500 thousand entrepreneurs.

In this regard, the candidate of the Great Patriotic Pole explained that public banks will provide a total of 1 million in financing to an equal number of entrepreneurs, while private banks will grant 500 thousand loans.

He specified that the liquidation of these loans will begin in the month of August until 2025, and he also indicated that this action contributes to a circular economy, “because the entrepreneur assumes his work and when he goes out to buy his inputs he buys them for domestic production and guarantees production to the small and medium-sized industrialist; it means that we are building a circuit for the country's new economy.”

Mazo News Team

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