Castro, Inc. profits from hurricane Irma by offering loans to its victims

From our Shocking Extortion and Usury Bureau

Yesterday we reported on the rapid pace of repairs at Castro, Inc.’s apartheid beach resorts.

We contrasted the attention paid to these sources of tourist revenue to the lack of attention paid to ordinary Cubans who were affected by hurricane Irma.

Time for a slight correction: Castro, Inc. has not totally ignored ordinary Cubans.

No, not at all.

It has offered them loans.  Yes, loans.

In other words, it is profiting from this natural disaster and the suffering  it has caused the Cuban people.

Since insurance doesn’t exist in a totalitarian regime such as Castrogonia, there is no way for anyone to repair damage caused by hurricanes or any other disasters.

This means that Cubans — all of whom earn no more than $30 per month — have no way of fixing their damaged homes.

So, along comes Castro, Inc. with a diabolical solution: loans.  Yes, loans!  Unbelievable, but true.

And… if you’ve lived there you know this: getting one of those loans requires lots of patience, persistence, and perhaps also bribing of all sorts, including pounds of flesh, literally….

From Xinhua:

The Cuban government has granted over 4,700 bank loans, totaling about 13.2 million U.S. dollars for families affected by Hurricane Irma, which hit the country last month, an official source said on Thursday.

Irma Martinez, first vice-president of the Central Bank of Cuba, stated that approving the loans in 24 hours to provide rapid relief had been challenging but had “confirmed the rigor and professionalism of banking staff in the country.”

“We did it with the human sensibility that a moment like this demands. We have exceeded all expectations, because there were people affected by the storm, even among our own staff,” she explained.

To date, Cuban authorities have allowed those affected by Irma to apply for loans starting at 300 pesos, with an interest rate of 2.5 percent and a repayment term of up to 15 years.

Hurricane Irma, considered the worst to hit Cuba since 1932, slammed most of Cuba’s northern coastline during 72 hours, claiming 10 lives, causing major damage to infrastructure, knocking out the national power grid, and causing over 2 million people to be evacuated.

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