Ecuador: Credit Union Makita Kuk closes unexpectedly, clients no access to funds

Posted on August 14, 2012 • Filed under: Business, Ecuador

Makita Kuk is a savings and credit cooperative that was created in 1994 and is controlled by the Ministry of Economic and Social Inclusion (MIES). According to their website also has offices in Milagro, Duale, Babahoyo and El Triunfo (Guayas).

Uncertainty and anxiety felt by savers Makita Cooperative Kuk, who can not withdraw their money because the agencies are closed. From this afternoon hundreds of people remain outside the head office in Bastion Popular, in the north of Guayaquil, to seek responses from executives of the institution. But only found a group of police shields offices. In the streets on May 1, between Av Av Machala and Quito, the city center, there is a branch. Is also closed. A group of traders make vigil there, in case someone tries to enter the office. Read Article

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