Launch credit program for sugar producers in the country
Wednesday, March 9, 2011
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La Paz, Mar 9 (ABI) .- Productive Development Bank (BDP) on Wednesday launched a credit program for sugar producers in the context of food security in the country, institutional sources said. 
"Productive Development Bank launches Cañero Sector Credit Program, in order to support agricultural activities on this occasion directed the sugar sector," said an institutional newsletter. 
The paper explains that the program is intended to finance the renovation and expansion of sugarcane plantations, in addition to the purchase of agricultural machinery sector. It states that the BDP has provided a total of 140,000,000 of Bolivians to run the program.
components of the program are the renovation and expansion of cane, credits will be channeled by the Union of vessels and the purchase of agricultural machinery, funding will be provided directly to producers.
"In any case, debt finance (purchase of portfolio) to the financial system and providers," says the press release.
As financial conditions set an interest rate of 6% per annum and a maturity of up to 7 years.
The program will be administered by the Union Bank Ltd. Santa Cruz City and its agencies spread throughout the department.
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