Banking bank credit loans access to credit line of credit loans for agriculture Animal husbandry Agriculture Banco Produzcamos Financing SMEs Livestock SMEs rural credit Agricultural funding Agronomy

$25 Million for Nicaraguan Cattle Farmers

Lafise-Bancentro has launched a financing plan with low-interest credits aimed at the cattle farming sector.

Thursday, November 3, 2011

Loans from $1 million up to $5 million will be available, depending on recipients' ability to repay at an interest rate of 8.5%.

According to Nicaragua's El Nuevo Diario, Lafise-Bancentro director, Carlos A. Briceño Ríos commented that, "we have been financing cattle farmers for 15 years and as a result we have financing plans corresponding to the country's various cattle farming activities".

Source: elnuevodiario.com.ni

Key entities

Grupo Lafise Lafise Bancentro Carlos A. Briceño Ríos

Countries

Nicaragua

Insight

Livestock line of credit loans for agriculture loans bank credit access to credit Banking Animal husbandry Agriculture

New Resources for Panamanian Farmers

May 2011

The Agricultural Development Bank (BDA) is making procedures more flexible in order to expedite loans to the agricultural sector.

The financial institution will lend up to $10 billion with an interest rate of 2% in regional fairs, and will expedite the necessary paperwork to formalize the credit.

Costa Rica: $10 Million for Cattle Ranchers

May 2009

Through an interest rate subsidy, small and medium producers who apply will only have to pay the basic passive rate.

The Ministry of Agriculture and Livestock (MAG) and the Livestock Development Corporation (COFORGA) will subsidize, with half a million dollars, the four points over the basic passive rate that are charged for development loans.

Nicaraguan Breeders Short on Funding

June 2010

Development bank “Produzcamos” has $12 million available for livestock breeding loans, but it has only approved 5%.

Solomon Guerrero, from the Nicaraguan Breeders Association (Faganic), believes that the main problem is the long periods required to get a loan with the bank (almost two months).

El Salvador Activates Credit Line for Coffee Growers

February 2011

The Multi-sector Investment Bank announced the allocation of $ 50 million to finance the coffee sector.

The funding will be made through the BMI Hotline for Avio Café Financing: 2011-2012.

This funding is intended to continue contributing to the revival of the coffee sector and generate benefits for El Salvador, including employment in rural areas and a positive impact on the environment.

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