Farmers in La Aldea consider that the agreement with SAECA does not solve the problem of refinancing.

ALTHOUGH THEY VALUE POSITIVELY THE CONDITIONS THAT ARE STIPULATED IN THE SAME.

The Minister of Agriculture, Pilar Merino, and the CEO of SAECA, State Joint Stock Company of Agrarian Surety, Rafael Pizarro, presented the agreement signed between both parties which stipulates the subsidy of the 0,50% of Saeca guarantees to farmers, ranchers and fishermen of the islands.

The credits will be guaranteed for a maximum of 180.000 euros to natural persons and 240.000 euros to legal entities. The maximum amortization period will be fifteen years and the request will be exclusively for investment..

In this sense, Rafael Pizarro was categorical in stating that Saeca is not dedicated to guaranteeing debt refinancing. However, before the presentation made by the agriculture councilor of La Aldea, Rosa Godoy, Pizarro promised to study it as an exceptional case.

The urgency in the search for solutions to the recapitalization of the debt of the La Aldea sector, was demonstrated by the majority presence of farmers and ranchers from this municipality at the presentation of the agreement.

The members of the village delegation valued this agreement positively., but they stated that “To invest you need to pay in advance., because no matter how much endorsement we have, “The financial institutions have the last word.”.