{"id":13198,"date":"2019-02-26T09:46:50","date_gmt":"2019-02-26T09:46:50","guid":{"rendered":"http:\/\/www.progresomicrofinanzas.org\/?p=13198\/"},"modified":"2019-04-02T12:44:59","modified_gmt":"2019-04-02T12:44:59","slug":"amendments-to-the-financial-conditions-of-agricultural-and-rural-credit-2","status":"publish","type":"post","link":"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/en\/amendments-to-the-financial-conditions-of-agricultural-and-rural-credit-2\/","title":{"rendered":"Amendments to the financial conditions of agricultural and rural credit"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-right\"><a href=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/en\/wp-json\/wp\/v2\/posts\/13198?print=pdf\" class=\"pdfprnt-button pdfprnt-button-pdf\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/wp-content\/plugins\/pdf-print\/images\/pdf.png\" alt=\"image_pdf\" title=\"View PDF\" \/><\/a><a href=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/en\/wp-json\/wp\/v2\/posts\/13198?print=print\" class=\"pdfprnt-button pdfprnt-button-print\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/wp-content\/plugins\/pdf-print\/images\/print.png\" alt=\"image_print\" title=\"Print Content\" \/><\/a><\/div><p>As a result of the rise in the 2019 minimum monthly wage (MMW) in Colombia, the Agricultural Sector Financing Fund (FINAGRO), the body promoting development in Colombia&#8217;s rural sector which provides resources to financial institutions to grant loans for productive programs, has published a new circular adapting the upper thresholds applicable to those accessing agricultural or rural funding through a number of financial intermediaries , as laid out in its &#8220;Service Manual&#8221;.<\/p>\n<p>Thus, the following categories of people can access this financing:<\/p>\n<ul>\n<li>Small-scale producers: total assets not exceeding 284 MMW (COP 235,184,944) (approx. EUR 64,896)<\/li>\n<li>Low-income rural women: total assets not exceeding 198 MMW (COP 164,629,461) (approx. EUR 45,427)<\/li>\n<li>Rural youth: total assets not exceeding 198 MMW (COP 164,629,461) (approx. EUR 45,427)<\/li>\n<li>Medium-sized producers: total assets not exceeding 5,000 MMW (COP 4,140,580,000) (approx. EUR 1,142,544)<\/li>\n<li>Large-scale producers: total assets over 5,000 MMW (COP 4,140,580,000) (approx. EUR 1,142,544)<\/li>\n<li>MSMEs: total assets not exceeding 30,000 MMW (COP 24,843,480,000) (approx. EUR 6,855,264)<\/li>\n<li>Agricultural and Rural Microcredit &#8211; Maximum credit: Up to 25 MMW (COP 20,702,900) (approx. EUR 5,712)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>As a result of the rise in the 2019 minimum monthly wage (MMW) in Colombia, the Agricultural Sector Financing Fund (FINAGRO), the body promoting development in Colombia&#8217;s rural sector which provides resources to financial institutions to grant loans for productive programs, has published a new circular adapting the upper thresholds applicable to those accessing agricultural [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":13472,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"tags":[4094,4095,620,4096,4098,4099,4100,1246,4101],"class_list":["post-13198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-circular-reglamentaria-p-1-en","tag-credito-agropecuario-en","tag-finagro-en-2","tag-joven-rural-en","tag-mipymes-en","tag-mujer-rural-en","tag-pequeno-productor-en","tag-rural-en-2","tag-sector-rural-en","numero-18-en","seccion-published-and-draft-legislation-microfinance","pais-colombia-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Modificaci\u00f3n condiciones financieras de cr\u00e9ditos agropecuarios y rurales<\/title>\n<meta name=\"description\" content=\"El Fondo para el Financiamiento del Sector 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