He explained that 68 percent of the money paid was for new loans, 31 percent were refinances, and one percent interest.

Mr. Torres added that as of August, 2,514 personal loans were granted.

He noted that his administration will encourage the streamlining of administrative procedures, so that loans are approved within 24 hours, and those granted a loan, have a guarantee that the funds will be disbursed in 36 hours.