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$30 million loan from Venezuelan bank to benefit small farmers in Honduras

Thursday, August 5, 2010


Some $30 million is being made available to low-interest loans for Honduran farmers by the National Agricultural Development bank, Bandesa.
 
According to Banadesa’s chief executive, Jhonny Handal, “the country’s farmers are going to benefit from a loan by the Venezuelan national development bank, Bandev”.
 
Rates are 9 percent a year over one to 10 years. The money is to be invested in basic grains, African palm, Bananas, irrigation, machinery, and coffee.
 
Original source (in Spanish): La Tribuna