Haiti – Agriculture : President Moïse promises 0% interest agricultural loans
On Monday August 24 at the National Palace, President Jovenel Moïse proceeded to the installation of the Board of Directors of the National Bank for Agricultural Development (BNDA).
“The idea of establishing BNDA for over a million farmers had caused me a lot of trouble. This Bank, which is now born, had been in the drawers since 1989. It took courage for this project to take shape.”
Today that dream has come true and I hope that with BNDA, agricultural financing will be guaranteed and agriculture will see better days. Farmers have a right to look to the future with much more hope and confidence.
With the creation of the National Bank for Agricultural Development (BNDA), it is clear that the bet is daring. The challenge is big. But I am firmly determined to face obstacles of all kinds to enable Haiti to emerge from the rut of underdevelopment,” declared the Head of State
Member of the Board of BNDA :
President: Fraude Joseph
Vice-President: Michelle Guillaume, vice-president
Managing Director: Ulrick Emmanuel Noël
Members: Cassandra Lauture and Martin Jean-Louis
President Moïse instructed Ulrick Emmanuel Noël, the Director General of BNDA, to make 0% interest credit available to farmers from the next winter season.
In addition, in order to prevent loan applicants from going to Port-au-Prince, the 95 Communal Agricultural Offices (BACs) throughout the country will serve as branches of the BNDA. Offices where farmers and agricultural cooperatives can apply for credit.
The beneficiaries will have until the end of their harvests to repay their loan, said Jovenel Moïse, who asked future borrowers to respect their commitments made with the National Bank for Agricultural Development.