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The CFN granted 5 loans to El Telegrafo for $ 27 million a year ago.
Posted On 01 Feb 2016
Since last May the website of (El Telegrafo EP) details five credits granted by the National Finance Corporation (CFN) for $ 27.8 million.
The loans were signed in September and October 2014 and were justified as working capital (resources to operate) and fixed assets. The first was for $ 1.7 million, the second for $ 960,000, the third for $ 18.4 million, the fourth for $ 1.7 million and the fifth for $ 5 million.
Payment terms range between 2.5 and 9.5 years. The interest percentage is 8%.
The highest debt, of $ 18.4 million, was signed on September 29th 2014 between Yenny Verduga Andrade, regional deputy manager of the Legal department (e) of the CFN, and Orlando Perez, director of Editogran SA (El Telegrafo EP).
