The National Agricultural Development Bank has funds available for food producers.
Jorge Handal, President of the Association of Farmers and Ranchers in Sula, reported that the National Bank for Agricultural Development (Banadesa) has $255 million available in loans for producers, which will be granted with an interest rate of 9%, lower than the market rate.
A joint housing project between a bank and the Chamber of Construction will be carried out in Tegucigalpa, Honduras.
The president of the National Agricultural Development Bank (Banadesa), Johnny Handal, and vice president of the Honduran Chamber of Construction Industry (Chico), Oscar Calona signed off on a program for building popular housing.
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.
In the article outlined by América Economía, "In addition to the funding, a series of measures to support the production process is being prepared, including some to facilitate producers access to financing and support the livestock sector."
Milk producers in Aguán Valley, with the support of BANADESA and the Agriculture Secretariat are seeking to industrialize.
The web portal Laprensahn.com published: "To make this initiative a reality which would generate employment in the Aguán Valley, milk producers from this municipality have met with producers in the department of Colón as well as representatives from the Tocoa Chamber of Commerce several times to refine the details of what would be the processing plant."
BANADESA signed an agreement with businessmen to provide financial support to members of the chambers of commerce.
The loans will have an annual interest rate of 7%, a two-year grace period and a minimum of $2600.
According to the article in tiempo.hn, the agreement was signed by "the Federation of Chambers of Commerce (Fedecamaras), the Ministry of Industry and Commerce and the National Bank for Agricultural Development (BANADESA), with the aim of giving financial support to members of the chambers of commerce at national level in the face of the minimum wage increase."
The National Agriculture Development Bank will readjust the debt for at least 30 thousand farmers that were affected by the strong rains last October.
Cornelio Chirinos, secretary of the Honduras Coordinating Council for Farming Organizations (COCOH), encouraged farmers to speed up the process to get the refinancing in order to guarantee next year's harvest.
Several Canadian companies have confirmed that they are interested in acquiring various fruits and vegetables to be distributed in Canada.
This is why representatives from the Joli Fruit company held talks with authorities from the National Agricultural Development Bank (Banadesa) in order to get them to grant credit to small farmers so that they can send greater amounts of tropical fruits to Canada.
Mario Ramon Lopez, president of Banadesa, reported that they have $90 million as a part of the Bank's budget, and another $95 million that will come from various accords with Venezuela, in particular from the Bolivarian Alternative for the Americas.
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As part of the Agritrade Platform, Guatemala will participate for the 27th time in PMA Fresh Summit, the most important international trade show and convention of fruits and vegetables in the United States, which will take place at Anaheim Convention Center, California from October 17th to 19th.