The vice president of the Central Bank of Cuba, Francisco Mayobre, announced that the country has allocated over 1.5 billion pesos to finance loans to the population, reported the local media.
Since Law 289 came into force in December 2011, about 271 loan requests have been approved.
The majority of those requests are related to construction works in houses, including the purchase of building materials and the payment to the labor force, said the vice president of the Central Bank.
According to Mayobre, the loans given to the self-employed, as the private sector workers are known in Cuba, have increased due to the facilities granted to the trade banks to give loans.
The vice president of the Central Bank announced the approval of 91 funding for the non agricultural cooperatives, chiefly for initial working capital, which is expected to promote those new ways of businesses in Artemisa, La Habana, Mayabeque, and Sancti Spiritus provinces.