Confluence of Lefts proposed creating a municipal financial institution in Elche to address gaps in local money management. The idea centers on helping residents, especially the elderly, who often face challenges with traditional banks. The plan argues that current tax collection systems could be streamlined to benefit residents rather than being a burden on their finances. It highlights a need for a service that handles money with personal attention, operates with no hidden commissions, and offers a flexible program that allows people to control their funds directly.
One of the core objectives is to assist older citizens who either cannot manage online banking effectively or have limited access to banks with lengthy hours. The proposal envisions a service that provides face-to-face support, minimal costs, and financial autonomy. The emphasis is on ensuring that residents can depend on a straightforward, transparent system that respects their money and their time.
financial asset
Additionally, Unidas Podemos has described the financial asset as a way to provide free, accessible financial guidance to families. The aim is to prevent situations where banks make deals that erode income or savings, and to offer protection against typical market pressures. The approach is presented as a safeguard against the kinds of losses experienced in other contexts, such as with certain preferred products that caused harm to consumers.
The proposal also mentions micro-loans of up to 6,000 euros for small, self-employed individuals. These loans would help overcome obstacles when private banks are reluctant to lend due to interest rates, liquidity constraints, or broader economic conditions. The program would also facilitate processes and protections not always included in private banking statutes, including aspects of loan processing and insurance coverage that local authorities deem appropriate to ensure greater security for borrowers.
5 million investment
Supporters note that there is a plan for investment to realize this proposal, with a ceiling of five million euros. There is a specific reference to an additional one million euros for a university parking facility, reflecting the broader aim of coordinating financial resources with public infrastructure. The grouping behind the proposal does not want to lock itself into a single legal form too early, so as to keep flexibility for future collaborations with other entities and maximize opportunities to launch the initiative.
In discussions about implementation, there is an emphasis on citizen oversight mechanisms to ensure accountability. If necessary, formal devices could be introduced to safeguard against risky operations or to adapt the organization’s management structure to changing conditions. This reflects a preference for transparent governance and active citizen engagement in overseeing financial activities.
social majority
The proposal argues that this financial asset model would benefit Elche’s broader social base by offering an ethical service that reduces ongoing costs. With lower commissions and interest rates, households could allocate more of their income toward savings or essential expenses. The aim is to use freed resources to strengthen household resilience and support local economic stability.
Ultimately, the coordinators from United We Can envision that releasing family income through such a model could stimulate domestic demand and revive portions of the local economy. The strategy emphasizes practical, people-centered finance designed to empower residents while maintaining fiscal responsibility and social equity. This is presented as a pathway to a healthier financial environment for families, small businesses, and the community at large, supported by careful policy design and ongoing community input.