According to Carlos Fernandes, chairman of the institution's board of directors, the money will be used to finance goods and services related to family agricultural production. Cited by Angop, he explained that the money will help families with production costs.
This money is intended for family farms, small agricultural businesses, among others. It should be used to purchase machinery and equipment, with the aim of modernizing the fields of cultivation and thus increase productivity.
The person in charge, who was speaking on the sidelines of a meeting to clarify the ways of financing and reimbursement to local producers, also said that the productive chains of cereals, legumes, roots and tubers, vegetables and fruit will also be financed.
This money, he explained, is repayable for a period ranging from one to five years, with an interest rate of three percent.
