USAID. MISSION TO PERU
LOAN TO THE CENTRAL RESERVE BANK OF PERU (CRB) TO ESTABLISH A REDISCOUNT LOAN FUND RESOURCE TO BE DIRECTED TOWARD STIMULATING AGRIBUSINESS DEVELOPMENT.FUND RESOURCE ENABLES THE CRB TO MAKE LOAN CAPITAL AVAILABLE TO INTERMEDIATE CREDIT INSTITUTIONS (ICI"S) -- COMMERCIAL BANKS, REGIONAL & STATE DEVLPMNT BANKS, AND PRIVATE FINANCIERS -- WHICH COULD THEREUPON PROVIDE MEDIUM-TO-LONG-TERM CREDIT TO SELECT AGRIBUSINESS MUST DEMONSTRATE A POTENTIAL FOR INCREASING QUALITY & QUANTITY OF AGR PRODUCTS, PROVIDING ADDITIONAL ON-FARM EMPLOYMENT, AND/OR UPGRADING FARM MANAGEMENT.LOAN PROCEDURE IS AS FOLLOWS: AGRIBUSINESSES SUBMIT APPLICATIONS TO ICI"S; THE ICI"S SCREEN THE APPLICATIONS USING A CREDIT MANUAL (BASED ON THE ABOVE CRITERIA)AND FEASIBILITY STUDY GUIDE DEVELOPED BY THE CRB.
LEONARD, CARL H.; HOWARD, EDWARD L. · 1977
Abstract
THE ICI"S APPRAISE THE APPLICATIONS, MAKE THE CREDIT JUDGEMENTS AND ASSUME THE CREDIT RISK. THE ACCEPTED APPLICATIONS ARE THEN SUBMITTED TO THE CRB FOR FINAL ANALYSIS, APPROVAL, AND REFINANCING. A PORTION OF THIS PROJECT LOAN IS SET ASIDE TO PROVIDE TECHNICAL ADVISORY ASSISTANCE TO THE CRB FOR INSTITUTIONALIZING THE FUND"S OPERATIONS AND ESTABLISHING EVALUATION METHODS FOR RESEARCHING & ASSESSING APPLICANTS" POTENTIAL SECTOR IMPACT. CRB PERSONNEL ALSO RECEIVE TRAINING IN PROMOTIONAL TECHNIQUES-THE CRB BEING RESPONSIBLE FOR PUBLICIZING THE PROGRAM TO THE PUBLIC AND THE ICI"S. PROJECT LOAN FUNDS VEHICLES FOR THESE PROMOTIONAL PURPOSES. TECHNICAL ASSISTANCE TO THE ICI"S ISPROVIDED BY THE PROJECT: SHORT-TERM ADVISORS ARE CONTRACTED FROM LOCAL UNIVERSITIES OR CONSULTING FIRMS TO CONDUCT SEMINARS AND TRAINING COURSES FOR ICI LOAN OFFICERS & BRANCH MANAGERS IN AGRIBUSINESS PROPOSAL EVALUATION TECHNIQUES AND IMPACT ANALYSIS. AGRIBUSINESS APPLICANTS MAY RECEIVE LOAN-FUNDED TECH ASSISTANCE, ALSO, FOR THE PREPARATION OF THEIR APPLICATIONS. THE COST OF THIS ASSISTANCE, HOWEVER, IS TO BE REPAID BY THE BORROWER. PROMOTION OF THE PROJECT IS UNDERTAKEN AND PAID FOR BY THE CRB AND PARTICIPATING ICI"S. THE TARGET BENEFICIARIES ARE THE INDIVIDUAL SMALL FARMERS AND MEMBERS OF AGRIBUSINESS ENTERPRISES.
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