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Economy

ASECAM and Caixa Popular sign deal to support local businesses

Cristina Plumed and Alicia Soler sign the agreement between ASECAM and Caixa Popular Foto: elperiodicodeaqui.com

The agreement, signed by Cristina Plumed and Alicia Soler, will offer preferential financing to member businesses in the Camp de Morvedre district.

ASECAM and Caixa Popular have just signed a new agreement designed to give businesses in Camp de Morvedre better access to financial tools. It was signed by ASECAM president Cristina Plumed and Caixa Popular general director Alicia Soler, extending a working relationship that already spans more than twenty years. This is no ordinary partnership: Caixa Popular was founded in 1978 precisely as a second-tier credit cooperative, with Valencian cooperatives from different sectors built into its own capital structure — an origin that explains why it counts as one of ASECAM's member businesses, not merely as one of its financial providers. Under the agreement, member businesses and their staff will be able to access financing on favourable terms, aimed at covering investment, liquidity and growth needs across the district's different productive sectors. Both organisations have also committed to developing joint initiatives that raise the profile of projects of business interest and help strengthen the district's competitiveness, all under a shared commitment to social responsibility and sustainability the two say they have upheld for two decades. According to El Periódico de Aquí, with additional background from Wikipedia on Caixa Popular.

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