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Cuban banks gave 4,700 credits to victims of Hurricane Irma

The Cuban State granted through its banks more than 4,700 credits to people affected by Hurricane Irma, who on their way to the north coast of the island last September caused ten dead and serious damage to infrastructures, housing and the energy and agriculture sectors.

Havana, Oct 19 (EFE) .- The Cuban State has granted more than 4,700 loans to people affected by Hurricane Irma through its banks, who, along the northern coast of the island, last September, caused ten deaths and serious damage to infrastructures, housing and the energy and agrarian sectors.

The president of the Central Bank of Cuba, Irma Margarita Martínez, said that to date have been granted loans worth 13.2 million Cuban pesos (about $ 528,000) and added that requests are increasing daily, according to a report on the front page of the state-run newspaper Juventud Rebelde is now available.

"We have achieved this with the human sensitivity that demands a moment like the one that crosses the country", an official, who said that it is about approving the loans in 24 hours.

The rules establish that those affected by the hurricane can apply for loans with an interest rate of 2.5% and a repayment term of up to 15 years.

According to a preliminary report, more than 11,680 Cubans affected by Irma are currently receiving state assistance in nine of the 15 provinces of the country, where the cyclone damaged some 158,550 homes, of which 14,657 were totally destroyed.

The Cuban state will also finance half the cost of the construction materials for the victims whose houses were partially or totally destroyed.

The island authorities have not yet published an official estimate of the losses caused by this storm.

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