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Banco Agropecuario gets $30M loan from CAF

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Banco Agropecuario gets $30M loan from CAF

BancoAgropecuario said March 31 that it received a $30 million revolvingcredit line from development bank Banco De Desarrollo De América Latina, or CAF.

The three-year loan will be used to finance or guaranteeBanco Agropecuario's operations as well as operations of the bank's clients,according to a statement. The partnership is part of a national productivediversification plan which considers key financing to small and mediumagricultural producers that are often not served by traditional banks.