Río Grande resident raffles cars to pay 102 million peso mortgage debt

Natanael Vargas Quiroga, a resident of Río Grande, is facing the potential loss of his home due to a debt exceeding 102 million pesos. After losing his job, he became unable to meet the payments for a UVA-indexed mortgage.

Following a judicial summons, Vargas Quiroga has launched a community raffle involving two vehicles to raise the necessary funds to settle the debt of $102,333,692.23 and prevent the foreclosure of his property. The situation highlights the ongoing challenges associated with UVA mortgage credits, particularly for individuals facing sudden loss of income.