USAID. MISSION TO URUGUAY
REVOLVING LOAN FUND IS ESTABLISHED TO PROVIDE LOANS TO TARGET GROUP OF RURAL COMMUNITIES, GROUPS, COOPS.
1975
Abstract
LOANS, MADE FOR 1 CROP YEAR, ARE USED TO PURCHASE FARM INPUTS. SMALL PART OF FUND IS USED FOR EDUCATIONAL MATERIAL RELATED TO FARMERS" NEEDS. LOANS ARE MADE ONLY TO ORGANIZED GROUPS OF FARMERS WHO DEVELOP PROJECT PROPOSAL. GROUP REPAYS LOAN DEPENDING ON VALUE OF GOODS AS OF DAY OF REPAYMENT IN ORDER TO AVOID DECAPITALIZATION. PROJECT PROVIDES LOANS TO FARMERS WHO HAVE LIMITED ACCESS TO CREDIT, SERVING AS ASSISTANCE SOURCE OF LAST RESORT.
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