Friday, 01 April 2022 03:40

State-owned banks will provide credit lines to agricultural producers

Written by Evelyn Alas

The Banco de Fomento Agropecuario (BFA) has prepared a line of financing for the importation of duty-free merchandise, such as oils, vegetables, fruits, rice, wheat, cereals, animal feed, and fertilizers.

With these credits, importers will pay a competitive interest rate of 6.9%. In addition, the Bank will cover up to 90% of the gross import price.

In addition, the BFA maintains its advisory and field visit program, to interact with producers and help them with the appropriate programs.

"Optimal production of our clients' agricultural activities is a priority, and we focus all efforts on working hand in hand with each of them. Our team of credit advisors is in the field attending to their needs", the Bank stated.

In addition, the BFA maintains its advisory and field visit program, to interact with producers and help them with the appropriate programs.

"The optimal production of our clients' agricultural activities is a priority, and we focus all our efforts on working with each of them. Our team of credit advisors is in the field attending to their needs", said the Bank.

Likewise, Banco Hipotecario (BH) also announced that it will make available exclusive lines for producers and importers, designed to be an extra support in the implementation of the 11 Measures in the Face of Global Inflation.

"We accompany our customers who already have a credit with us for imports, production or commercialization".