Honduras: Credits for Sheep Production

The government has announced a credit line of $7.4 million for the production of sheep, at an interest rate of 7.25%.

Tuesday, April 5, 2016

The Ministry of Economic Development (SDE) reported that a credit line of L167 million ($7.4 million) is now available for sheep production. The announcement was confirmed by Arnaldo Castillo, head of the institution, reported Laprensa.hn.

The funds will be disbursed through the National Program for the Reactivation of the Agrifood Sector in Honduras (Firsa) at a preferential interest rate of 7.25%, with the banking sector. "... 'In the next two weeks we will launch a financial product with Banhprovi (Honduran Bank for Production and Housing)' the official said."

See also: "Sheep and Goat Market in Costa Rica"

"... Livestock sector and government officials met last week to define strategies to enhance sheep farming. The approach was made on the premises of the Association of Ranchers and Farmers in Sula (Agas). Honduras does not have an official census of the sheep herd, and they are therefore waiting for more participation from other sectors after the recent announcement of that they managed to gain permission for production of sheep meat for export, said Hector Ferreira, president of the Agas."

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More on this topic

Nicaragua: $116 Million for Agriculture

November 2020

With a line of credit from CABEI, the Nicaraguan government will finance projects focused on the transformation of extensive cattle raising, agriculture and wood exploitation.

The Board of Directors approved the financing proposal for the Bio-CLIMA Project: integrated climate action to reduce deforestation and strengthen resilience in BOSAWÁS and the Rio San Juan biosphere in Nicaragua, for a total amount of $115.7 million, reported the Central American Bank for Economic Integration (CABEI).

Honduras: $19 million for Livestock

April 2015

The government has announced the creation of a $19 million trust fund, to be used for lending to stimulate production and improving the herd.

From a statement issued by the Government of Honduras:

President Juan Orlando Hernandez officiated at the company Agribusiness El Corral in Siguatepeque, the creation of a trust that will allow for the provision of $19 million in loans to stimulate production and improve the national cattle herd inventory.

Honduras: $255 million for Agriculture

March 2014

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.

Nicaragua: $ 21 Million for Livestock Sector

February 2011

The Production Development Bank will earmark $ 21 million this year for financing the livestock sector.

Considering the announcement, the Federation of Livestock Associations of Nicaragua (Faganic), mentioned the sector's difficulties in getting loans approved.

"... Joaquín Lovo, CEO of Produzcamos Bank, said the delays in approvals are mainly because most farmers have not updated their deed records of their properties which are as bank guarantee," reported Laprensa.com.ni.

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