Finance Fund for Local Development thinking about the livestock sector in Nicaragua, has available 7.5 million dollars for this area. In the remainder of this year 2022, it plans to increase the agricultural portfolio by 25 percent.
“FDL wants to finance at least 1,600 livestock producers, who have less than 50 head of cattle and who require working capital and investment credits. Our offer has favorable credit conditions, so that this sector can improve productivity, but taking into account environmental criteria”, said Gilmer Gutiérrez, Business Manager for the North and Central zones.
It is necessary to mention that Financiera FDL is the largest institution in the country. And it has a portfolio of more than US$ 60 million dollars, which are placed with almost 50 thousand clients.
Better technologies for farm management.
In order for producers to increase yields and have proper management of these resources, through strategic allies such as the Nitlapan Research and Development Institute, FDL is promoting technical assistance among its clients.
“Since 2005, FDL has promoted loans with technical assistance and training. We have seen that the producers and merchants who receive both the credit and this support manage their farm or business better,” said Gutiérrez.
In other words, technical assistance and training aim to improve cattle feeding through the establishment of new pasture areas; increase in milk production; increase the weight gain of animals; adoption of new technologies in the management and administration of the farm.
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