Agronomy loans loans for agriculture Agricultural sector Banking Agricultural support Banco Hondureño de la Producción y la Vivienda loan Agriculture Agriculture and Livestock Ministry of El Salvador Julio Quintanilla Manuel Sevilla banana bank credit Banco Nacional de Costa Rica

Honduras: $11 Million for Banana Production

Banhprovi, Honduras' Bank for Production and Housing, earmarked $11.1 million (210 million lempiras), to boost banana production.

Friday, November 27, 2009

©image: Sean

The bank will adjust $3.2 million worth of existing loans to banana growers, and will assign an additional $7.9 million in new loans for this sector.

"Julio Quintanilla, Banhprovi manager, explained that the resources come from a $529 million trust fund. 'We are fostering a new prices and exports policy to boost this industry'."

Source: latribuna.hn

Key entities

Banco Hondureño de la Producción y la Vivienda Julio Quintanilla

Insight

banana Agricultural sector loans for agriculture Agricultural support loans banana Banking Agronomy Agriculture

$100 Million for Honduran Agriculture

July 2010

The investment, backed by the IDB and the World Bank, consists of various projects to support the farming sector.

The minister for the state's farming council (SAG), Jacobo Regalado, highlighted in particular the “Rural Competitiveness” project. This scheme will last six years, benefit seven departments and is aimed at helping the rural poor.

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.

$115 Million for Nicaraguan Agriculture

May 2009

It is available to small and medium agricultural producers for the 2009-2010 production cycle.

The President of the Nicaraguan Association of Microfinance Institutions - ASOMIF, Julio Flores, noted that these loans will benefit more than 120 thousand producers.

Elnuevodiario.com.ni reported more statements by the president: "For 2009, micro-financial companies have big challenges, including the ability to renew and maintain the level of existing lines of credit and increasing them to meet growing productive sector demands."

$58 Million for Honduran Agriculture

August 2010

The state's farming ministry (SAG) has announced that resources will be made available to finance the country's food producing sectors.

Approximately $58 million is held in a trust managed by the Honduran Central Bank (BCH), provided by Petrocaribe, a Caribbean oil alliance with Venezuela.

close (x)