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Colombia - Third Agricultural Credit Project (Английский)

The Third Agricultural Credit Project will provide supervised credit for on-farm development, including incremental working capital, to about 7,600 land reform/colonization beneficiaries who have had limited access to credit. It will also assist in the development of small agro-industries, provide technical assistance and training programs for INCORA's field staff and beneficiaries, as well as project monitoring and evaluation. The project faces no unusual risks. The revolving fund to be set up under the project should ensure the timely availability of resources and thus provide for speedy project implementation. Interest rates to subborrowers will be not less than 16 per annum plus 1 for life insurance. For agricultural credit, maximum lending per individual farm family will be Col$ 500,000 (US$12,700).

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