Bank in Cuba offers loans to agricultural producers amid the coronavirus crisis

The Bank of Credit and Commerce, BANDEC, in Villa Clara, announced that it would be offering loans to agricultural producers in the midst of the coronavirus crisis.

Mayelín García Vargas, head of the department that handles BANDEC's agricultural activity, explained the local media.CMHW that producers can go to bank branches to make financing requests for various crops, sheep, goats and pigs, excluding cattle that have other treatment.

The official explained that the interest rates that will be applied to this type of financing range between 3 and 4 percent.

"In the event that the productive forms have the appropriate organization, they can access credits for marketing and in this way ensure that those who produce can have prompt payment for the productions they market, credits also whose interest rates will be applied. will be between 3 and 3.5 percent," he added.

According to García Vargas, these measures would mainly benefit those producers who have always complied with the state order and deliver their productions to the state without difficulties, and those usufructuaries who are starting out in production.

"We know that agriculture is making a great effort to deliver idle lands as quickly as possible due to the country's need to increase food production," he said.

These loans will be made to farmers and cooperative productive forms, that is, UBPC, CPA, and CCS.

"A fund was created in the trust company so that those farmers who are starting out who do not have guarantees to access bank credit could make use of that fund and this would not be an impediment for them to request loans from the bank," he noted. the official

At this time, those interested in acquiring this type of loan can go to bank branches to obtain more information about it and, if they decide, the state loan.

In the midst of the coronavirus crisis, the food shortage in which the Cuban people live has become more accentuated, without an efficient government that guarantees them food if they want to quarantine in the face of this epidemiological situation.

Even the government asked Cubans to donate money to co-finance food productionin the provinces and Isla de la Juventud, and will regulate donations from state companies, which will be deposited in new bank accounts created for that purpose.

These donations will be used by territorial bodies for development and the promotion of food production.