3. Land Plan
The redistribution plan provides, first, the transfer of land owned by various state institutions
that are not engaged in agricultural production for rural families.
These lands will be transferred "associatively" with a program through which families receive
"support for them to properly produce and bring the lands to optimum levels of production."
The program "will be accompanied by credits, technical assistance, supply of inputs,
marketing processes, associative organization, training and technology transfer".
At the same time, the Government will start implementing the Agricultural Development Act
determines that private lands that have two or more years without being exploited "are not
fulfilling their social function" and should be "reverted" to the peasants.
4. Bank of the Ecuadorian Institute of Social Security
The purpose of its creation is to increase housing supply and increase access of our
affiliates to this program. The average amount of granted houses is $ 31,000, USD, the
program seeks to reduce the problem through segmentation and to reach poorer sections of
the population and especially at levels of 10,000 to 30,000 USD. "
The BIESS has an authorized capital of $ 40 million of USD; paid capital of 11 million 500
thousand USD and the fund that the bank will manage 6 billion 700 million USD.
One of the goals of the organization for the next 6 months is to deliver 2,000 credit mortgage
loans per month and at medium-term (approximately 9 months) we will be offering the
service of virtual savings account.
5. IEPS: Institute of Popular and Solidarity Economy
By executive decree, President Rafael Correa created the National Institute of Popular
Economy and Solidarity (STPS/IEPS), under the Ministry of Economic and Social Inclusion,
with national jurisdiction, legal personality and technical, administrative and financial
independence.
The IEPS's fundamental mission is to promote the growth and consolidation of popular and
solidary economy in the context of the economic system foreseen in the Constitution, and
shall be composed of the Undersecretariat of Social Development, the Office of Management
and Community Development, Management Development rural, National Directorate of
Cooperatives of MIES, Territorial rural Development Programme and Project Development of
the Central Corridor of the ministry of Agriculture.