The Ecuadoran government is working to make home ownership a possibility for all citizens. With this in mind, US$1.1 billion has been invested to develop new lines of credit and ensure access to housing, with mortgage loans of up to US$70,000 at a reduced interest rate of 5%, available either through the traditional banking system or the development bank. A quarter of a million mortgage loans have thus far been approved and eight of the country's largest banks have signed on to the program. Liz Scherffius reports from Quito. teleSUR
