• Categories
  • Archives

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Your email address will not be published.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

For Brazil Lack of Growth and China’s Currency Are Distortions in World Market

For Brazil’s central bank chief Henrique Meirelles, a stronger Chinese currency is “critical” for ...

Josí© Serra Odds-on Favorite as Next Brazil President, After Lula’s Setback

Brazilian President Luiz Inácio Lula da Silva and his party, the PT (Workers Party) ...

Brazil’s Petrobras Throws Half a Billion Dollars at World’s Tecnological Race

Brazilian state-controlled oil and gas multinational Petrobras plans on investing more than 1 billion ...

Brazil Among World’s 10 Most Unequal Countries. 10% Get Half the Wealth.

The United Nations Human Development Report analyzed 177 countries and concluded that Brazil ranks ...

Israeli Drone to Police Rio’s Favelas in Cleaning Up Effort Before Olympics

Starting next month an unmanned "spy" aircraft will overfly the favelas (shantytowns) of Rio ...

Senator Gives First Salvo on Brazil’s Disarmament Campaign

Today the president of the Brazilian Senate, Renan Calheiros from the Alagoas PMDB party, ...

Gay Brazil

Bars, movie theaters, hotels and other commerce catering exclusively to gays are doing brisk ...

Boosting Consumption Won’t Work for Brazil This Time, Says Expert

For the professor of the Economics School at the Getúlio Vargas Foundation (FGV) in ...

US Subsidies May Force Brazil to Import Cotton

As Brasilia expected, the United States will appeal a World Trade Organization decision which ...

Communist Party Should Lose Control of Brazil’s Sports Ministry After Corruption Scandal

Brazil’s Sports minister, Orlando Silva, during testimony that lasted more than three hours, denied ...