CFN has two new credit plans

The National Finance Corporation (CFN for its Spanish acronym) has two new credit plans framed in the Progress Program, these are: National Guarantee Fund and Fixed Assets.

Soledad María Barrera, Head of the CFN, said that the fixed assets credit line has a budget of $ 120 million that were obtained through a loan from the Andean Development Corporation (CAF for its Spanish acronym).

The same that will be directed for the financing of plants, machinery, among other items, to a period of 15 years with a 2 years of grace period and a 6.9% annual rate.

In the case of the National Guarantee Fund, this is made through the private financial system, which consists in covering the necessary warranty to access larger amounts of funding. The warranty can be from $ 10 thousand to $ 500 thousand.