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

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