Between August 2020 and January 2021, Banco Agrícola obtained an extraordinary contribution from the central government of RD$10.55 billion.
This money, according to information offered to the press by the administrator of the institution, Fernando Durán, allowed producers to more comfortably attend to credit requests, of which RD$5,400 were lent at a zero rate.
The amount lent by the Banco Agrícola at zero rate so far in government amounts to RD$7,666 million and represents 18.4% of the total credits managed by the entity, which exceeds RD$41,604.7 million.
The program has granted 8,235 interest-free loans, representing 22.5% of the 36,593 loans that Banco Agrícola manages at a rate that currently averages 8% per year.
This credit policy -according to the agency- caused an increase in the production of rice, bananas, bananas, cocoa, chicken, eggs, milk and other items of greater consumption by the population. He indicated that with the financing received, rice production rose by 1,511,000 quintals in 2021, after going from 12.9 million quintals averaged in the last five years to 14.4 million harvested, supplying the 13 million quintals consumed on average in the country. and leaving reservations.
Meanwhile, the production of bananas registered an improvement of 219,343 bunches after a production of almost one million units per day, 300 million units during 2021. This translated into 2,634,562 bunches during that year, when the average from 2015 to 2020 was of 2,415,219. Last year, chicken production reached a record figure of 212,427,378 units, exceeding by 12,859,244 the 199,568,134 produced annually from 2015 to 2020.
The egg was the product in units that registered the most growth, exceeding the average 2,098 million by 719 million, reaching 2,817 million eggs in 2021.
