PSOE Relaunchs a Microcredit Campaign for Electoral Spending: in 2023 It Raised Almost Six Million Euros
12 Articles
12 Articles
The initiative allows supporters to lend between 200 and 10,000 euros, with a maximum return period of twelve months. The party had already resorted to this system in previous election campaigns, although it now offers higher remuneration
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As it did in 2023 for the general elections and in 2024 for the European elections, the Socialist Party is asking for money from its supporters, or from anyone who wants profitability for their savings, and offers an interest of 3.75 per cent per year, more than the banks currently offer for their deposits. Everything collected will be destined for electoral expenses: events and rallies, travel of their leaders, electoral publicity...
This is not the first time the party has been financed through micro-credits. It already did so in 2019, with a photo including Ábalos and Santos Cerdán
Ferraz offers a record 3.75 per cent interest to his supporters, a quarter more than in 2023, while the National High Court examines cash payments and donations received by the party
One more campaign, the PSOE has started a collection of money to cover the expenses of the general elections through the microcredit system. What the training...
The minimum amount that can be lent to the PSOE is 200 euros, and the maximum is 10,000. In both cases, the profitability is 3.75%.
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