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Agricultural and livestock producers in El Salvador will be able to access loans with preferential interest rates starting at 4%, a measure aimed at facilitating financing for agricultural and livestock activities, as well as boosting investment in the national productive sector.
The announcement was made by Óscar Domínguez, honorary Deputy Minister of Agriculture and Livestock, who emphasized that this benefit addresses one of the main requests farmers have made for years: access to financing on more affordable terms to carry out their activities.
As the official explained, previously this type of preferential rate was linked solely to the Programa de Aumento a la Producción. However, the opportunity to access loans with interest rates starting at 4% is now extended to farmers, ranchers, and agricultural producers in general.
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The loans will be provided through the Banco de Fomento Agropecuario (BFA) and may be used for various production needs, including the purchase of agricultural inputs, the acquisition of machinery and equipment, the adoption of technology, the expansion of operations, and other investments aimed at improving productivity.
According to information provided by the BFA, the loans include different financing lines tailored to the specific characteristics of each activity. For high-yield crops, producers can access financing for corn, beans, and other crops with repayment terms of up to eight months. Loans are also available for the purchase of machinery and equipment, with repayment terms that can extend up to six years.
The program also includes options for livestock producers, especially those engaged in the production of dual-purpose and dairy cattle, who will be eligible for financing under preferential terms.
Authorities noted that the goal is to strengthen the agricultural sector’s investment capacity, which is considered strategic for food security, job creation, and economic development in rural areas.
Domínguez also noted that producers currently have access to other government-backed support mechanisms, including the availability of agricultural inputs at cost through AGROCENTA. He indicated that government agencies will continue to expand benefits for the sector to improve its competitiveness and productivity.
Those interested in accessing these loans should contact the Banco de Fomento Agropecuario directly to learn about the requirements, amounts, terms, and specific conditions of each financing program. With this initiative, the government aims to facilitate access to credit and promote greater investment in the salvadoran agricultural sector.
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