Haiti - Economy : The State will guarantee loans to farmers - HaitiLibre.com : Haiti news 7/7

iciHaiti - Honor and merit : 40 years of service in the Haitian public service

iciHaiti - Cap-Haitien : Members of the Municipal Commission

iciHaiti - Petit-Goâve : Donation from the Réginald Boulos Foundation to Notre-Dame hospital

iciHaiti - Politic : A Presidential decree converted 141 municipal cartels into «Municipal Commissions»

iciHaiti - Miragoâne : Firearms seized at the port of the National Port Authority

more news

Haiti - News : Zapping...

Haiti - Covid-19 : Daily report July 10, 2020

Haiti - FLASH : Fire at the Town Hall of Petit-Goâve

Haiti - Diaspora : Message from the Consulate of Haiti in Miami

Haiti - NOTICE : Digicel adjusts the price of some of its prepaid plans

more news

Haiti - Economy : The State will guarantee loans to farmers
06/03/2019 09:25:43

Haiti - Economy : The State will guarantee loans to farmers
In the perspective of increasing domestic production in some promising channels for consumption, Ronald Décembre, the Minister of Economy and Finance announced that the State through existing financing mechanisms (Agribusiness financed by the Center of Investment Facilitation (CFI) up to 150 million gourdes, SME Credit Expansion Project, by the European Development Bank for approximately $ 15 million (1.2 billion gourdes) and the Youth Entrepreneurship Support Program (PAPEJ) by the Ministry of Commerce for an amount of 500 million gourdes) will guarantee loans in the agricultural sector.

These credits guaranteed at a low interest rate (which can reach 0% in some cases) are intended to enable the farmer to borrow from a financial institution without risk to the bank (a major obstacle in the agricultural sector) while reducing to minimum risk for the farmer (see by totally eliminating it in some cases).

With this measure, the Government hopes to reduce the cost of living by limiting food imports.

PI/ HaitiLibre

Twitter Facebook Rss
Send news to... Daily news...

Why HaitiLibre ? | Contact us | Français
Copyright © 2010 - 2020