Cuba eases restrictions on loans to small businesses

Featured image: ElMoro,Havanna CUBA. CREDIT: Dr. Anthony R. Picciolo. NOAA/NODC. SOURCE: Wikipedia Commons (Public-domain)

From BBC News 28 December 2013 Last updated at 22:19 ET

Individuals and small businesses can now borrow smaller amounts and have more time to pay back the government.

President Raul Castro had launched the programme two years ago as part of measures to reform Cuban socialism.

The minimum lending has been reduced from 3,000 to 1,000 pesos (£41; $67). . . . Read Complete Report

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