During 2020, due to the effect of the pandemic and the fear of public employees of going into debt due to the economic downturn, the taking of loans from the Social Action Fund had fallen by 42%. But this year there was a recovery in activity and the loans requested grew 36.5% in the course of 2021. Thus, from 7,543 operations registered last year, the figure climbed to 10,300 this year.
The loans are managed through the Bank’s Loan Management and are intended for public sector employees at rates lower than those of the financial market and with administrative expenses discounted only once at the time of the operation. In addition, assistance loans are provided to meet urgent health needs.
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In September of this year, the Rodados line debuted, intended exclusively for the acquisition of bicycles or mopeds and their spare parts and accessories, as well as to buy used or new vehicles (payment on account), their spare parts, auto parts and technical service. This line was also designed to extend the benefits to the private sector dedicated to the items that include these goods.
Those interested in accessing any of the line of loans granted by the Social Action Fund can make inquiries at the Loan Management located at 421 South Mendoza street or call 4223284. To request shifts they must enter www.cas.gov.ar. One requirement is that the credits are requested with a guarantee, which must be a state worker.
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