Brazil Offers Easy Credit to Poor Northeast Farmers

In the first half of this year, Brazil’s National Program for the Strengthening of Family Farming (Pronaf) provided loans through the Bank of the Northeast (BNB) to over 195,000 families, affirms the manager in charge of Pronaf activities in the Ministry of Agrarian Development, Luiz Sérgio Farias Machado.

In an interview on government-owned National AM Radio, he said that one of the concerns of the program is to make it easier for family farmers to obtain credit.

“We have adopted various procedures to make obtaining credit less bureaucratic,” Machado said.

According to him, to complete a credit application with the bank and obtain a loan, all that a farmer has to present is a aptitude declaration (provided by various governmental and associational organs) and an ID.

Machado claims that the program will “generate income and employment to improve the farmer’s living standards and enable him to repay the bank.”

Machado affirmed that resources on the order of US$ 206.8 million (480 million reais) are expected to be distributed to over 350 thousand family farmers in the Northeast region by the end of this year. He says that the reason for this figure is that the current administration of the BNB has assigned priority to serving family farmers through this type of loan.

The Pronaf manager also explained that the program has various credit categories. In the case of category A, farmers are eligible to receive up to US$ 7,750 (18,000 reais) from the bank, if they are family farmers who live in agrarian reform settlements.

Pronaf B provides US$ 1,290 (3,000 reais) to farmers with an annual gross income of up to US$ 861 (2,000 reais). The other categories can borrow, on average, US$ 6,460 thousand (15,000 reais).

Agência Brasil


  • Show Comments (2)

  • Daniel Bezerra Santa Rosa

    Hi, do you know if itÀ‚´s possible to me take some money credit? How is the way of paymants to return your money? How brazillian are looked when take credits/
    Thank you and Sincereli

  • Guest

    it ia??

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


You May Also Like

International Court Rules Brazil Violated Rights of Families of Guerrillas it Killed

The Inter-American Court of Human Rights (IACHR) has ruled that between 1972 and 1974, ...

In US and Europe Brazil Is Overwhelming Favorite to Win the World Cup

The results of an online survey conducted among a multi-country sample to gauge which ...

The Official Outlook: Brazil to Eradicate Poverty by 2016

If Brazil is able to maintain the same rate of poverty reduction and income ...

Present and Future of Ethanol Are Bleak in Brazil

Brazil’s minister of Mines and Energy, Edson Lobão, explained that neither the Brazilian government ...

After Miami and New York, Brazil’s TAM Will Fly Daily to London

Brazil’s largest airline company, TAM S.A., was granted official authorization from the Brazilian National ...

New Zealand Leader Wants Brazil’s Petrobras Out After Deadly Explosion

Manu Caddie, a Gisborne District Councilor in New Zealand, has renewed his call for ...

Image of an Infighting South America Is History, Says Brazil’s Lula

Brazilian President, Luiz Inácio Lula da Silva, said May Monday, May 26, that the ...

Brazil and Argentina Go to War on the Soccer Field

Following three weeks of intense quarterfinal matchups, the 2004 Copa Sudamericana enters its semifinal ...

Chinese Ask for Less Red Tape in Their Dealings with Brazil

Brazilian Vice President, José Alencar, on the second day of his trip to China, ...

Brazil: EU and Mercosur Push for Free Trade Pact

Negotiators from the European Union and Mercosur have decided to begin a concentrated effort to ...