Thanks to Law No. 31532, published today in the Official Gazette of El Peruano, the farmer will have the opportunity to get rid of debts and thus face rising prices, especially for fertilizer.
The norm, approved by the congress, allows the AgroPerú Foundation to purchase up to 37 million salts.customer credit balances Agricultural Bank (Agrobank), overdue as of April 30, 2022 and subject to legal action, provided they qualify as a micro-enterprise (maximum outstanding 5 UIT per loan).
The transferred portfolio is managed by Agrobanco under a trust management agreement for the management of the AgroPerú fund, in respect of which the Ministry of Agrarian Development and Irrigation and Agrobanco are authorized to enter into agreements and perform the necessary actions for its proper execution. administration.
The transfer of the said portfolio is exempt from the application of the provisions specified in the SBS Decree No. 1308-2013 “Regulations on the transfer and acquisition of a loan portfolio”.
In addition, the transferred portfolio is related to loans to micro-enterprises, the definition of which is provided for in the types of loans contained in the Decree of the SBS No. 11356-2008 “Regulations on the assessment and classification of the debtor and the requirement to create reserves”.
The portfolio acquisition will only include the balance of capital due at the date of transfer, which gives Agrobanco the ability to indulge in all back-to-back interest, default interest and other costs or fees associated with the loans that are the subject of the transfer.
The new schedules set by the AgroPerú Foundation must not exceed 72 months, setting preferential rates for individual producers and postponing organizations, which are determined by the Board of Directors of the AgroPerú Foundation in the relevant legal field.
Financial Assistance Program
In addition, the law provides for the exclusive application Agricultural Financial Assistance Program (Pafa) administered by Agrobanco.
This program provides for the refinancing of overdue loans agricultural producerss beneficiaries of Pafa, which must be classified as micro and small individual companies in accordance with the classification of SBS loan types for up to 60 months without default capitalization and compensatory interest received at the date of the new payment schedule. , until December 31, 2023
Pafa also allows Agrobanco’s board of directors to approve preferential and promotional rates for this refinancing.
Compensation and late payment interest accrued on the date of refinancing is not payable if the debtor complies with the new payment schedule. (Andean)
Source: RPP
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