$30 million for Honduran farmers

The government will sign a loan for $30 million with Venezuela this week; the funds will be used to finance loans to small farmers.

Thursday, November 6, 2008

The letter of intent will be signed by the Ministers of Finance, Rebeca Santos from Honduras, and Alí Rodriguez, from Venezuela, according to the president of hte Central Bank of Honduras (BCH), Edwin Araque.

More on this topic

Honduras: $10 Million for Agricultural Projects

September 2010

Provided by the International Agricultural Development (IADF), the funds are earmarked for small farmers from the country’s south.

Jacobo Regalado, Agriculture Ministry, explained that the money is aimed to assist small farmers from Choluteca, Valle and El Paraíso, who may also receive the resources as micro-loans.

Nicaragua: $50 Million Deficit in Agricultural Financing

March 2009

The Nicaraguan agricultural sector faces a funding shortfall of $50 million for the current production cycle.

The Minister of Agriculture and Forestry, Ariel Bucardo, in an interview with La Prensa of Nicaragua, said that the total funding required for the three agricultural cycles is $400 million, and added that "we still do not know how much funding is available."

$ 41 Million for Honduran Farmers

April 2011

Funding will be available for basic grains producers.

The Honduran government announced a series of measures to support the agricultural sector, including access to funding of over $ 40 million.

These resources will, among other things, give farmers the ability to implement technological advances which could improve planting results.

Honduras: $7 Million for Small Farmers

March 2010

The funds are provided by the UN’s World Food Program (WFP), and will be loaned to small basic grains farmers.

Juan Ártica, vice minister of Agriculture, remarked that the WFP will only loan the money, and each farmer must make the corresponding purchases.

“Additionally, the EU promised more resources for food safety, which would also be disbursed among small farmers”.

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