People is gathering around for the opening of the Bank for Education and Development based on the mexican state of Oaxaca, the BED plans for an opening in other stated in next months so it can serve its porpuse and have more impact.
The Bed has 3 principal goals.
1.- Low interest loans for developmental porpuses, Agriculutural and Industry; solving some of the problems of the financial system and the lack of credit for productive development projects.
2.- Low interest loans for education, Education is a Key factor for Development, education is one if not the most important factor for equality, the bank will give the loans in a long therm agreement that let the student finish its full studies in cases the family cant afford it.
3.- The BED will participate in the projects that need more money and can offer the optimal level of employment given the specific needs of the region the project is based.
with this the BED is solving a important financial failure of the system that dont allow the flow of money in the educational and developing projects.
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