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1943:
Domingo Salame Hidrovo started up Créditos Económicos,
as a system to buy home appliances and diverse personal use products
through credit. In those years, those types of goods were only sold
by one-time payments.
The first store was located in a first story in a building on the
corner of Aguirre and Pedro Carbo streets, in Guayaquil Ecuador.
The first slogan used was “Ask us for credit, and buy at cash
prices.”
1967: Domingo Salame
Hidrovo built the first building designed especially for a department
store in Ecuador, located on the corner of Luque and Escobedo streets
in Ecuador.
1978: Administrative,
expansion and modernization plans were initiated; computing systems
and the human resources department were also established.
At this point in time, Creditos Economicos operated in Ecuador with
a store in Guayaquil, and another one in Quito.
1990’s: Expansion plans
get implemented, and new stores are opened nationally.
1997: Creditos Economicos
The Gallery USA Inc., en Queens, New York, USA, American company,
its inaugurated and takes on the agency of Creditos Economicos Ecuador,
in order to service the Ecuadorian population residing in that city
and its surroundings. Our clients can choose and pay for their articles
in the showroom located in Queens, and Creditos Economicos delivers
the products in Ecuador.
1998: Créditos
Económicos becomes part of CRECOS Group.
2002: www.creditoseconomicos.com opens its
cyber doors in order to give a better buying option to its clientele
in Ecuador and abroad.
2003: Credicard is launched as
the first credit card in Ecuador designed for the shopping of electrodomestics.
2004: Creditos Economicos is considered
by the Ecuadorian population as their favorite place for shopping
appliances and electronics, study made by independent consultant
Datanalisis.
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