Argentina to finance 1 million home PCs
- By Hector Calabia, IDG News Service
- May 31, 2000
Argentina is planning to provide financing for 1 million computers for home
users, most of whom will be government workers.
The plan, aimed at lower middle-class and working-class households,
is intended to help people who have either restricted credit or no credit
to buy their own computers and have Internet access.
The outline of the plan has been presented to Argentine President Fernando
De la Rua and probably will be announced officially next month, said Ricardo
Camperos, coordinator of the Electronic Commerce Program of the Argentine
Secretariat for Science, Technology and Productive Innovation.
It will enable any federal, provincial or town council employee to buy
a computer costing between $800 and $1,000 in installments from $28 monthly.
The installments will be deducted from the employee's pay slip, Camperos
Banco de la Nacion has a $1 billion credit line for the project, Camperos
said. The money will be distributed at an 18 percent annual interest rate
for financing PC purchases in 24 to 36 installments. The most expensive
computer and the shortest repayment period will result in installments of
Government officials have held negotiations with computer vendors and
Internet service providers for furnishing the hardware and the Internet
accounts necessary for the plan to work. Terms of Internet access have yet
to be worked out.
Vendors must guarantee that computers will reach "even the most remote
and isolated towns in Argentina," Camperos said.
As of January, there were about 470,000 Internet accounts in homes and
businesses, serving about 770,000 people in Argentina. That amount is about
1 percent of the Argentine population.