El Salvador: $15 Million for Coffee Growers

The Agriculture and Livestock Breeding Ministry (MAG) will make available $15 million in loans for coffee growers.

Friday, July 31, 2009

Manuel Sevilla, head of the ministry, stated that this amount will be available in the first 100 days of the current administration, and it could increase 50% to 75% in six months. This period is the first phase of the Anti Crisis Plan.

"The minister has also announced MAG's intention of supporting coffee production, consumption and export with technical assistance and 'state stimulus'", reported Elsalvador.com.

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El Salvador: Bureaucracy Holding Up Coffee Loans

February 2014

Salvadoran coffee growers are decrying the fact that in order to qualify for a loan they must meet up to 17 requirements with financial institutions.

Among other things, the banks are asking coffee producers for 'the balance sheet and income statement at the end of last year, with ruling and notes, a trial balance which is not less than three months older than the date of application for the loan.

Loans for Renovation of Coffee Plantations

January 2013

The Nicaraguan Foundation for Socio Economic Rural Development has created a line of long-term credit to finance the renovation of coffee plantations affected by rust.

For this year, 2013, the Foundation (Fundeser) plans to increase, by $2.5 million, its provision of credit supply lines to the coffee sector in the long term for the renovations.

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.

$19 Million Coffee Trust Without Execution

May 2009

Guatemalan Public Finances stated that the Ministry of Livestock has not implemented these funds to provide loans to coffee growers.

The $100 million Financial Support Trust from the placement of treasury bonds for coffee sector producers was created after the coffee crisis in 2001.

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