Cuba has eased restrictions on loans to small businesses and individuals, in a move to boost the country’s economy.
The measure was initially launched by President Rahul Castro 2 years ago, but the lower limit for the borrowing amount has been lowered to 1,000 pesos, from 3,000 pesos.
The maximum period of the loan has also been extended from 5 years to 10 years.
A few weeks ago the Cuban government lifted restrictions on private individuals buying new and used cars.
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