El Salvador: Term Extension for Farmers

Congress approved an extension for farmers and agro-industrial debtors so they can solve their credit problems.

Friday, October 8, 2010

Debtors have until March 31st, 2011.

Laprensagrafica.com reports "This new decree gives legal validity to approved legal recourses so that merchant trials against companies who operate under Cooperatives or Farmer Associations, can be suspended."

More on this topic

Scarce Credit for Honduran Agriculture

October 2012

Only 2.8% of the loan portfolio is for the private sector in agriculture.

The figure corresponds to $223 million out of the $7.97 billion in private sector lending by the banks in Honduras, according to central bank data, and is a significant decrease compared to the end of 2011, when the rate was 4.9% .

Nicaragua: $22 million for Loans

June 2011

Procredit Bank will provide financing to agricultural and commercial sectors.

Consolidation in the market and granting loans to new segments such as the housing and agriculture sectors, are part of the objectives of the representatives of Procredit Bank, which has opened its twenty-fifth branch in the country.

New Credit Options for Salvadoran Farmers

April 2011

State banks are offering reduced interests rates to increase agricultural loans and assist in the recovery of the sector.

BFA, the Agricultural Support Bank, is providing $12 million in loans at an interest rate of 4%, in addition to $25 million provided by the Multi-Sector Investment Bank.

Nicaragua: $ 20.6 Million for Microcredit

March 2011

60% of the funds will go to small and medium size farmers.

Representatives of the Foundation for Rural Social and Economic Development (Fundesers) noted that about 36 thousand customers will be benefited with a line of credit.

"In the last two and half months Fundeser has recovered foreign funds for up to $ 1.2 million dollars, which will contribute in financing the planned growth for this year," reported Laprensa.com.ni.

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