BACB has signed a guarantee agreement with NGF for Rural Development Programme (2007-2013)
The objective of the guarantee agreement is to facilitate the process of utilizing the funds alloted the Rural Development Program. Collaterals will cover up to 80% of the risk for loans for the implementation of approved projects under measures 121 (Modernisation of agricultural holdings), 122 (Improvement of economic value of forests) and 123 (Increasing the added value of agricultural and forestry production). The loans will be granted in the shortest terms possible within 14 days of all the documents required by the bank, at interest rates of 8% and no fees for management.
Applicants for collaterals from National Guarantee can seek information at the BACB branches.