Coffee: Debt Readjustment for Producers

In Honduras, a temporary provision was approved so that producers who have been affected by climatic factors, pests, prices or general market conditions can adjust their debts.

Monday, July 22, 2019

The measure that will be in force until December 31, 2019, contemplates the refinancing and adaptation of the loans that coffee producers and/or traders have with the institutions supervised by the National Commission of Banks and Insurance (CNBS).

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From the CNBS statement:

1. Who can benefit from the Temporary Coffee Sector Relief Mechanisms? All producers and/or traders of the coffee sector who have credits with institutions supervised by the CNBS (Public or Private Banks, Financial Societies, OPDF’s, etc.), and whose cash flows have been affected by climatic factors, pests, fall in the international price and general market conditions.

2. What benefits do the Temporary Relief Mechanisms contemplate? The loans that coffee producers and/or traders have can be refinanced or readapted with the institutions supervised by the CNBS (Public or Private Banks, Financial Societies, OPDF´s, etc.).

3. Is there an established period of time to take advantage of the benefits contemplated in the Temporary Relief Mechanisms? In order to obtain these benefits, producers and/or traders in the coffee sector must avail themselves of these mechanisms before December 31, 2019.

Read full statement (In Spanish).



More on this topic

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April 2020

In Panama, the Assembly approved in third debate a bill that seeks to force banks to consolidate customers' debts, regardless of their credit history.

According to Article 4 of the approved law, "... all credit obligations that the debtor has, regardless of the risk category or default status that these obligations register in the credit history of the interested party, are subject to debt consolidation."

Bank Loans: Making Collections in Honduras More Flexible

March 2020

It was agreed that debtors and financial institutions may define a new maximum payment date, in all those cases where the customer had to pay their fee during the curfew, which will be in force until April 12.

A grace period will also be granted that could be until June 30, 2020, depending on the needs of each client and the ability of the bank to maintain the necessary liquidity without receiving those payments, reported the National Commission of Banks and Insurance (CNBS).

Debt Refinance for Palm Oil Producers

August 2019

Palm oil producers and traders in Honduras can apply for refinancing or readjustment of loans they have with supervised financial institutions in the country until December 31 of this year.

In order to obtain these benefits, producers and/or traders in the African palm sector must benefit from these mechanisms by 31 December 2019, according to an official source.

Guatemala: Coffee Growers Get Credit

July 2011

The Trust for financial support for the coffee sector has made $38 million available for financing the sector.

The coffee price crisis of 2002, which affected small producers, was the reason for the creation of the trust, which has since provided funds to farmers for different situations that the industry has faced.

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