Government provides loans with sovereign bond funds

Villarrica, IP.- The Ministry of Agriculture and Livestock (MAG) and the Agricultural Credit Facility (CAH) delivered, on Thursday morning, the first installments of loans for farmers, under the 70/30 modality, with funds from the placement of sovereign bonds.

Checks worth 246 million guaraníes and certificates worth 248 million guaraníes were delivered to 14 producers from Guairá, which will be cashed in the coming days.

The Minister of Agriculture, Jorge Gattini, as well as the head of the CAH, Amanda León, went to the city of Villarrica to deliver the funds, accompanied by the governor, Rodolfo Friedmann.

The Minister of Agriculture, Jorge Gattini, said in his message that 2015 will be the year of the transformation of agriculture in Paraguay, especially that of Family Farming, as it will begin a state investment under control and with the addition of education on the use of the financial system by farmers.

He said the State will invest in those who wish to work and that this will be done with the required technical assistance.

He said that the unproductive cycle in the country caused by the seasons of the year, which prevent planting out of season, will be broken.

This will be possible with greenhouses, where fruit and vegetable products can be produced all year round, said the head of the agricultural portfolio.

The CAH president, in turn, said that she is sure that these loans will be repaid by the farmers and that they should not embarrass her by defaulting.

He also called on producers who are in arrears with the CAH to approach the institution so that they can receive assistance and refinance, reduce and solve their problems.

The 70/30 credit is a modality that has been applied since this year. With this system, the Government cut non-reimbursable financial assistance and started a process with which the head of the agricultural portfolio hopes that the State will definitively distance itself from the usual subsidies.

The loan means that the State lends farmers funds of between 30 and 150 million guaraníes so that they can start their productive projects, whether for the construction of greenhouses, dairies or fish farming systems or the raising of poultry and livestock. 70 percent is a government investment and the farmer-lender must repay the other 30 percent with an annual interest rate of 10 percent in periods of 1 to 7 years, depending on his ability to pay.

The MAG will monitor the investments made by the producer with its technicians and will help both in the marketing of the production and in the care of the crops and production processes they choose.

The Governor of Guairá also expressed his satisfaction with the work carried out by the MAG in his department.

#Government #loans #sovereign #bond #funds
2024-08-03 08:37:01

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