Sunday 26 September 2021

Costa Rica Bank Opens Credit Line For Striking Teachers

Paying the bills

Latest

Government will buy one million more covid vaccines for children and third doses in 2022

QCOSTARICA - The President of Costa Rica, Carlos Alvarado,...

Don’t forget the vehicular restrictions

QCOSTARICA - If you are out and about this...

UNA epidemiologist: “We are not better, we are less worse”

QCOSTARICA - The fact that the number of infections...

Today’s Vehicle Restriction September 26: “ODD” ending plates CANNOT circulate

QCOSTARICA - For today, Sunday, September 26, vehicles with...

Canadian airlines will start flying back to Costa Rica on October 2

QCOSTARICA - Four Canadian airlines will resume their flights...

8-year-old boy dies abruptly of covid-19

QCOSTARICA - An eight-year-old boy who had no risk...

Vaccinations face unfounded fears over AstraZeneca dosages

QCOSTARICA - The goal of immunizing 500,000 people over...
Paying the bills

Share

Costa Rica’s Banco Popular said it is opening of a special credit line for the some 13 thousand teachers striking against the Ministerio de Educación Pública (MEP) –  Ministry of Public Education – affected by the delay in payment of wages.

Bank officials said the financing will be available from today and will allow teachers to request up to a thousand ¢1.5 million colones (US$2.800 dollars), with a grace period of two months to start repayments. The bank is waiving its typical processing and lending commissions.

The credit line will be valid for a period of three months and will be available only to those teachers with problems in receiving their salaries, which has caused thousands to take to the streets in a strike action against the government since May 5, a problem inherited by the current government from the outgoing administration of Laura Chinchilla (2010-2014).

- Advertisement -

Fachada-Banco-Popular-6Despite attempts by the current administration with an advance payment and the intervention of President Luis Guillermo Solís himself, a teacher by profession, the teachers and their unions have continued their strike action and vow to continue until the technical problems at the MEP have been resolved and their salaries are paid with regularity.

According to a statement of this financial institution, whoever is interested in accessing this benefit must submit a certification of the MEP as proof that they are part of those affected by the wage crisis that is shaking the education sector.

Loans can be requested with a term of up to five years and the interest rate is equal to the current passive basic rate (currently 6.75%), says the bank.

It also warns that if the client wishes to cancel his/her credit in advance, he/she will not be charged a penalty.

More detailed information on the loan is available at 2202-2020 de Banca Fácil or at any Banco Popular branch across the country.

Editor’s note: The loan is being offered by the  quasi state bank, Banco Popular and NOT the state bank,  Banco de Costa Rica (BCR), as quoted on some Costa Rica News websites.

- Advertisement -

- Advertisement -
Paying the bills
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Government will buy one million more covid vaccines for children and third doses in 2022

QCOSTARICA - The President of Costa Rica, Carlos Alvarado, announced this...

Don’t forget the vehicular restrictions

QCOSTARICA - If you are out and about this weekend, keep...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.