+506 2216 0222
opsaa@iica.int
Special Microcredit Line for Financial Inclusion and Popular Economy for the Agricultural Sector (LEM EP)
Start Date:
18/03/2024
End Date:
30/12/2024
Description
The line offers microcredits of up to COP 4 million, with a maximum term of 24 months, to low-income small producers or people in categories A, B or C of Sisben IV who have had no credit in the formal financial system in the last two years. Financial intermediaries are funded through rediscount from Finagro, the Ministry of Agriculture subsidizes up to 20 points of the interest rate, and the Agricultural Guarantee Fund, through its special account for the popular economy, covers 90% of the loan principal.
Iniciative Type
Action scope
National
Evaluated
No
Stage
Completed
Temporalidad
Short-term
Number of Years
N/A
Related elements
Sectors:
Thematic Areas:
Countries:
Beneficiaries:
Instruments:
Budget in USD
Budget in USD
$5,019,770.00
Counterpart Budget
$0.00
Total Budget
$5,019,770.00
Annual Average Budget
$5,019,770.00
| Financing Sources | Financing Types |
|---|---|
| MINAGRICULTURA: Ministry of Agriculture and Rural Development of Colombia | Public budget |
Institutions
| Institutions | Institutions rols |
|---|---|
| MinAgricultura: Ministry of Agriculture and Rural Development (Colombia) | Execution and operation |
| Finagro: Fund for financing the Colombian agricultural sector | Execution and operation |
| MinAgricultura: Ministry of Agriculture and Rural Development (Colombia) | Planning |
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