(Madrid, November 21, 2012). The president of the Spanish Business Confederation of Social Economy (CEPES), Juan Antonio Pedreño, and President of Caja Laboral Ipar Kutxa, Txomin Garcia, have signed today in Madrid a cooperation agreement to facilitate the financing and creation of social economy enterprises.
This agreement may be welcome all companies belonging to the members members CEPES, which provide attractive benefits and preferred to hire financial Kutxa Ipar Caja Laboral, within the range of solutions for the counterparty to such businesses.
The agreement is designed to meet the most demanding needs for social economy enterprises, so that not only provide new financing to entrepreneurs to start and develop their productive activity, but to provide liquidity products throughout time and facilitate new investments.
And thanks to this agreement these companies also have access to grant advances, facilitate the provision of capital and advisory partners for the internationalization of these social economy organizations. The duration of the agreement will be extended one year and will focus on the geographic scope of Caja Laboral Ipar Kutxa.
The economic conditions of the agreement will depend on the type of funding requested, the term of the loan and the credit status of the client, the conditions will be reviewed quarterly.
Within this agreement between Caja Laboral and CEPES be enabled 70 million euros to help finance social economy enterprises.
In order to facilitate the implementation of this agreement, IPAR KUTXA BOX WORK SITE enabled www.financiacioneconomiasocial.com , where you will be notified of the different funding lines.
Juan Antonio Pedroza said during the signing of the agreement "is a great pleasure to sign an agreement with these terms as favorable to social economy enterprises", "this is an agreement through which Caja Laboral perfectly knows our industry and our way of doing business, "added the president of theEmployers of Social Economy.
Pedreño also noted that "this agreement will inject doses of enthusiasm and generate confidence in the sector, will also help create new social economy enterprises, to become entrepreneurs in the sector and facilitate the internationalization of enterprises."
Txomin Garcia noted during the signing that "this agreement produces an enormous joy to preside entity and is another milestone in our 54-year history linked to the cooperative movement and social economy".
Garcia remarked that "this agreement extends the area of "?"?influence of Caja Laboral and reinforces our belief that there is another way of doing things and to address the problems of society", "for us it is a pleasure to contribute to the development of enterprises social economy, "concluded the President of Caja Laboral.
Caja Credit Union currently has 1.3 million customers in the state and is present in nine Autonomous Communities. Since its founding in 1959, is destined to meet the highest priority needs and solutions businesses. MONDRAGON group membership has meant to the entity an incentive in the way they relate to their customers, as cooperatives, world-class companies, have a complex and demanding needs in their banking relationship. Caja Laboral's bid for SMEs in general and the social economy is particularly clear in this regard. Caja Laboral currently has 14 exclusive offices for businesses in addition to 5 teams of product specialists (managenent Cash, Trade,Factoring and confirming, renting and leasing and corporate and structured finance). The company has managed to be a stable financial provider for businesses.
