Tuesday, March 15, 2011

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BDP Credit will benefit more than 800 cane growers



On 9 March, President Evo Morales launched the production credit for this sector to Bs 140 million funds from the Productive Development Bank (BDP). The program's goal is to increase the productivity of cane per hectare and ensure supply of sugar in the domestic market.
cane producers UNAGRO wit are those with more advanced procedures of access to credit, said yesterday the CEO of BDP, Ana Veronica Ramos.
Initially, "I think we will be able to reach (with credit) to 800 or 1,000 producers (...). cane These resources can grow according to how you respond to this sector, notably as regards the payment of its debts, "he said.

According to the strategic guidelines of the first phase of the program, funding may be obtained by producers that the sector should be aimed at the renovation and expansion of cane or the purchase of agricultural machinery "that will contribute to food security."
Capital. The capital investment offered by the BDP to the sugar sector will be given to an annual rate of 6% with a payment period of up to three years in the case renewal of hectares, and up to seven years for the purchase of machinery.

Among the requirements that are required for access to credit are guarantees and work experience in the sector, among others. In the case of credit associations, "ideally, cane growers have the support of their wits," said Ramos.



also requests a comprehensive proposal for the objectives and requirements of the mill production for the "one-time credit to be distributed" among all stakeholders, he said.

For individual loans added, ask your certificate subject's productive activity, personal guarantees and a work plan describing the manner in which it will use the resources provided. "We checked through the Bank-Union-that all applications meet the requirements," he said.

On Wednesday, Morales said that 50% of the producers of corn, rice and soybean production loans were demanding that the Government will condone their debts. In this regard, Ramos said the BDP initiate "legal collection processes that fall within these services." Through these initiatives, the government seeks to achieve food sovereignty of the country and diversification in the export of sugar and corn.

25 groups paid no credit


The general manager of the Productive Development Bank, Ana Ramos, reported that at least "25 associations of food producers do not pay their debts" credit. "The association and individual loans, from 500 to 1,000 growers did not pay," he said.
allocated U.S. $ 69 MM to production


By expanding the delivery of production loans to ensure national food security, The BDP increased its portfolio this year in this area in about U.S. $ 69 million. This was reported to the reason the general manager of De-velopment Bank Productive (BDP), Ana Ramos, a time to clarify that the entity closed 2010 with a portfolio of U.S. $ 131 million.

"In the past three years, 2010 has been the best in terms of deposits in the productive sector. We have grown by 32% compared to our portfolio of 2009. This year we want to reach U.S. $ 200 million in food safety issues, "he said.

addition to the support offered to producers of sugar cane, quinoa and exporters of textiles, The BDP will work this year on loan products that increase production of rice, corn, vegetables, potatoes and livestock, he said.
In the previous administration, "we had over 30,000 customers around the country and the arrears reached 7% of all it means the Development Bank's portfolio," said General Manager of BDP.

Link: http://www.la-razon.com/version.php?ArticleId=126896&EditionId=2468

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