Financings Petty Farmers:
The Banco Popular of Ahorro offers banking financings to the Petty Farmers, already be proprietary or usufructuary of lands, developmental of their agricultural productions, these stand out in:
Financing of Production or Working Capital: Destined to finance the production expenses of the temporary cultivations or of short cycle, the cultural attentions to permanent plantations and the acquisition of cattle for fattening, among others. In all cases the productive life of the agricultural productions included in this segment is of 18 months or less.
Financing of Investment: They grant themselves to finance fostering, renewal, rehabilitation of permanent cultivations and the attentions of the 1er year in those permanent cultivations whose first marketable production takes time more of 18 months in obtaining myself. The acquisition of sheep and goats also is included and I vaccinate for foot of offspring, of working animals; As well as the acquisition of means of work and raw materials in the Net of Tiendas of Domestic Commerce.
The productions that are intended to finance him will have to be insured and the requests of financings should be presented to the bank branch before the start of every campaign of the cultivation that they talk to each other. In the case of vernal campaigns or cold they should also show up before the start of them
Same. Branch banking will take the necessary measures that they enable resolving the requests into the possible shortest time, the one that no
He will have to exceed the 20 working days, installments from the date of reception of the same.
In order to agree to the banking financing a condition will be that the applicant not present arrears in the fulfillment of the debts that he has with any Banking Institution, neither her DC he associates to, to be the case.
Of being approved the solicited financing will demand to have a checking account, like requirement in order that he is granted to you.
The documentation to present for the request of financing will be the following:
Model of request signed by the applicant.
Proof of identity.
Resolution broadcast by the Municipal Delegate of Agriculture where the earthen delivery in profit consists of, for the case the beneficial owners.
Certification broadcast by the Office of Control of the Earth, intervening which become famous the legal tenancy of the land.
Agreement on relations and obligations between the beneficial owner and the Municipal delegate of Agriculture, for the case of the beneficial owners.
Document where the CCSF he draws himself up to, for the case of the beneficial owners becomes famous.
Document emitted by the CENCOP, where the quantity of cattle is evident that the applicant has, specified for category, for the producers of cattle.
The applicable interest rates to these financings are the in use ones for the Central Bank of Cuba and vary in dependence of time of validity of financing, as shown from now on:
|
Periods |
Interest rates yearly |
|
3 Months |
From 2,5 to 3,5% |
|
6 Months |
From 3.0 to 4.0% |
|
12Months |
From 4.5 to 5,5% |
|
24Months |
From 5,5 to 7,5% |
|
36 Months |
From 6.5 to 8.5 % |
|
60 Months |
From 7.0 to 9.0% |
The customer should offer our banking institution. These guarantees find themselves foreseen in the legislation in use, between the ones they meet between, for the requests of financings to $ 20 000,00:
Cession of future earnings
Confident Agropecuario established by the ESEN
The superior financings to $ 20 000,00 will have to count on complementary guarantees of the provisions in the legislation in use, that 20 cover up 50 % of the total sum that surpasses the $ 000,00, for instance:
Joint and several sureties should count on a creditworthiness enough in order that overall back the total sum that surpasses the 50 % of the financing requested over the $ 20 000,00.
The moneys on deposit of saving (of the different modes) in aggregate will just the same back 50 % of the total sum that surpasses the $ 20 000,00.
In the cases in which the farmer operate the checking account (generate superior income to $ 25 000,00) will be considered like guarantee a minimal balance in the equivalent checking account to 30 % of the amount over the $ 20 000,00.
He can also offer himself for like guarantee financings, he pawns it on the agricultural goods following:
Horses and cows
Tractors and Self-Propelled Harvesting Machines
For these cases the bank will demand the ownership of the good, sent for the Record of the Livestock Control (CENCOP) and the Record of tractors and self-propelled harvesting machines (CNCT), in which be evident the value of the well-expressed in money, that he can understand the official value or the market price.
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