Farmers in Colombia will be able to access agricultural loans at an interest rate of 4% Effective Annual Rate (EAR).

The National Agricultural Credit Commission, chaired by the Minister of Agriculture and Rural Development, approved new interest rate subsidies of up to 12.9% for agricultural loans, allowing farmers to access loans with an interest rate of 4% Effective Annual Rate (EAR). The Ministry of Agriculture has allocated more than 75 billion pesos to subsidize interest rates for the agricultural sector. The benefits will be focused on two Special Credit Lines: one for productive development that finances working capital and investment for competitive, environmentally friendly, and sustainable agricultural production, with an interest rate of 5% effective annually. The other line is for Rural Women, with an interest rate of 4%, promoting access to financing for women engaged in productive activities under conditions that aim to achieve equity for this population.