Fincimex boasts improvements in housing that its workers cannot afford on their salaries.

FINCIMEX (Financiera Cimex S.A.), a Cuban financial entity that is part of the GAESA business conglomerate, congratulated itself for carrying out housing repairs for its employees, who, due to the low salaries they receive, would not be able to do so on their own.

"40% of the workers of the entity have benefited from the fund created for home repairs. The result of collective work, used correctly. Yes, it can be done! Together," the entity wrote in a message shared on Facebook.

The images of the repairs made show construction work primarily focused on kitchens and bathrooms, where both the infrastructure and plumbing installations were improved. These fixes were carried out in a context where workers do not have access to the necessary resources to make such improvements on their own.

As expected, the post was filled with expressions of gratitude, especially considering that few companies can afford repairs of this nature, given that their monthly revenues are significantly lower than those of FINCIMEX.

The comments reflect a deep tone of gratitude towards FINCIMEX, highlighting that home repairs have allowed workers to achieve goals they previously considered unattainable. The narrative emphasizes the values of the socialist model, referring to FINCIMEX as an entity "at the forefront of human care." This perspective seeks to legitimize the institution's actions, presenting it as an example for other companies with greater economic limitations.

Let's remember that in Cuba, salaries and pensions received a substantial increase in all labor spheres since January 1, 2020, but the impact of the measure for citizens was reduced due to the levels of inflation that arose during the process of monetary unification.

The Cuban government set the minimum wage at 2,100 Cuban pesos (CUP), about six dollars at the exchange rate in the informal currency market.

The salary increase, as predicted after the announcement of this measure, was devalued in the face of an unproductive economic reality that depends on the external market for the supply of basic products.

For this reason, Cuban workers are unable to meet their food needs with the salary they receive, and even less can they allocate resources for the repair of their homes. This situation explains why the thanks for housing repair actions are so enthusiastic.

FINCIMEX is a Cuban financial entity that operates under the CIMEX Group and belongs to GAESA, the business conglomerate that is in the hands of the Cuban military, which has generated controversies and international sanctions.

The company generates its income primarily through the management of remittances to Cuba, a critical sector for the island's economy. Additionally, FINCIMEX generates revenue from the issuance and operation of magnetic cards, such as AIS cards and the Classic USD Card, which facilitate payments in freely convertible currency (MLC) within the country.

Another source of income comes from processing electronic payments and leasing payment infrastructure, such as point of sale (POS) systems distributed across the Cuban commercial network. However, many of these operations have faced technical issues, affecting the timely receipt of remittances and limiting the company's financial services.