Thursday, December 22, 2011

Banks Begin New Loans for Home Repairs and Investment

Cuba: Banks Begin New Loans for Home Repairs and Investment
By THE ASSOCIATED PRESS
Published: December 20, 2011

Cuban banks began offering loans Tuesday to people hoping to renovate
their homes or invest in a private business, continuing a series of free
market reforms pushed by President Raúl Castro. The Communist Party
newspaper Granma reported that the smallest loans would be for $41 and
that larger ones would depend on each borrower's ability to pay.

http://www.nytimes.com/2011/12/21/world/americas/cuba-banks-begin-new-loans-for-home-repairs-and-investment.html?_r=1&partner=rss&emc=rss

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