The board of directors of Banco República (BROU) approved the assistance intended to serve agricultural establishments of micro, small and medium producers in the livestock and dairy sectors, located south of the Río Negro, affected by the water deficit. The assistance will be carried out through the product called “Investment in working capital”.
The agricultural producers of Canelones, Colonia, Florida, Lavalleja, Maldonado, Montevideo, Rocha and San José will receive support, according to the guidelines coordinated with the Ministry of Livestock, Agriculture and Fisheries.
A schedule was established through which the payment of amortization of existing debts is made more flexible and the accrued interest will be collected on June 30, 2026, when the first payment should be made.
Meanwhile, 40% of the capital plus interest will be collected on October 31, and 60% of the capital plus accrued interest on April 30 of next year.
“That is to say, the terms are quite extended and the interest rate has a bonus of 0.25%,” explained the president of the BROU, Álvaro García.
The leader also recalled that, in addition to the benefits provided by the bank, the loans from República Microfinanzas are added.
On January 13, the Minister of Livestock, Alfredo Fratti, announced a series of measures to address the problems of producers affected by the water deficit, after a meeting of the inter-institutional Working Group.
In addition to the loans from República Microfinanzas and BROU, the package arranged to mitigate the water deficit in the south of the country includes support lines through the National Colonization Institute, and the postponement of payments of rural employer contributions to the Social Security Bank
