Guantánamo.- On Saturday, November 7, the program In Tune with the People, hosted by Yoel Pérez García, First Secretary of the Provincial Party Committee in Guantánamo, and acclaimed journalist Martha Reyes, examined the transformations underway in the agricultural sector. The program was broadcast by CMKS, Radio Trinchera Antimperialista.
The proposed measures, discussed under Thematic Axis 7, call for significant changes to land management to revitalize a sector facing numerous challenges, compounded by the tightening of the blockade against the country.
Given the importance of the topic, Radio Guantánamo has shared excerpts from the broadcast on its Facebook page, where many followers have commented and reposted them. Our newsroom receives questions about these changes every day. Today, together with agricultural officials and specialists from the provincial branch of the Credit and Commerce Bank (BANDEC), we address the questions most frequently raised so far.
We invite you to read and share this information with anyone interested in the transformations taking place in the agricultural sector.
How to Apply for Credit under the Benefits of the Agricultural Development Bank
Applicants must have the required land-tenure documents available. Usufruct holders must present a land certificate, the usufruct resolution, and the usufruct agreement. Farmers who own their farms or plots only need to submit the corresponding land ownership title.
Individuals who belong to a Credit and Services Cooperative (CCS) must also provide a certificate confirming their membership in the productive entity, commonly known as a moral endorsement. This document verifies their membership, productive capacity, and potential to undertake the activity for which the credit is being requested.
Another document required from all applicants is an endorsement issued by the municipal Agriculture Delegate in the municipality where the land is located. As part of the implementation of the ongoing transformations, this document will subsequently be requested from the intendente, or municipal administrator, in each territory.
Of all the documents listed above, the bank retains only the endorsements.
What information must the application include?
The application must contain essential information, including:
– The amount of credit requested;
– The crop or production line for which the credit is being requested;
– The production plan;
– A projection of the expected income based on that plan; and
– An agricultural insurance policy.
It is important to note that the Agricultural Development Bank does not require collateral. Interest rates range from 1.5% to 2%, depending on the purpose of the loan. These conditions represent significant benefits for Cuban farmers.
