Biess Now Holds 51% of Home Loans in Ecuador

biess ecuador

The governmentally controlled social security department of Ecuador began mortgage lending in 2009, and now has 51% of the home loans currently on the market.

$722 million was lent last year and $900 million more is planning to be lent this year, primarily loans of 15 years for up to $45k according Efrain Vieira, Director of the department.

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