The Central Bank of Cuba published an article from the newspaper Trabajadores on a proposed Popular Savings Bank (BPA) credit product for women entrepreneurs in Granma. The proposal combines financing tailored to each business activity, differentiated interest rates and banking support. The product remains under design and has not been approved, and its proposed terms are not official.
BPA branch director Iliana Santana Trinchet discussed interest rates of 5% to 7% and preferential pricing for women. The proposed financing would cover needs such as working capital, materials and small equipment across production, trading and service activities. Loan amounts and repayment terms would reflect each business cycle, with grace periods where needed. Flexible guarantees and simplified application documentation are also envisaged.
Banking support would include helping borrowers prepare financial statements and assess how much financing they need and can obtain. Practical financial education and support after disbursement would help entrepreneurs calculate costs, set prices and manage cash flow.