Miguel Jurado is one of the beneficiaries of the financing and says he is satisfied with the Agro credit with a subsidized interest rate of 4% and thus contribute to the supply of basic grains in the country, as a relief to international price inflation.

This season the BFA expanded its financing coverage; in two and a half months it delivered more than 8,000 loans to producers in the sector that grow basic grains, vegetables, fruits, minor species and livestock.

German Tévez, a farmer in the eastern part of the country, grew corn thanks to the credit facilities obtained from our institution and the actions of the Central Government to provide Agro producers with the necessary conditions for this season.

In addition, the State bank contributed to more than 33.7 thousand blocks of land being cultivated with subsidized financing, boosting food production for salvadoran households in spite of global inflation.

Likewise, agricultural producers have been able to increase production with subsidized credit that allows them to obtain 4% and 5%, disbursing US$13.8 million to this sector.

The BFA during this same period has provided the necessary support to vegetable producers, disbursing US$392.7 thousand.

In the case of fruit production, the bank has helped with subsidized financing, granting US$30.1 thousand at rates of 4% and 5%.

The livestock sector has received timely financing during this period and the bank has disbursed US$5.6 million to improve this area.

The most financed livestock items from may to july have been: corn US$11.8 million, dual purpose US$1.5 million, dairy cattle US$1.6 thousand, beans US$1.07 thousand and maicillo US$726.9 thousand.

José Murcia, cattle producer, said that the subsidized credit will help him to meet the needs to boost production growth.