Honduras: $255 million for Agriculture

The National Agricultural Development Bank has funds available for food producers.

Monday, March 3, 2014

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.

Handal said in the article Latribuna.hn that "we are creating a trust to support the country's food industry, in a meeting that we had recently we were told that the government would invest one billion Lempiras in small palm producers because they can generate double-digit increase in Honduras' production, and in the short term. "

"Handal said the biggest problem facing producers is high operating and transportation costs ."

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