Banana producers, bank agree on loan

[NewsWhore]

Hoy is reporting that the Banco Agricola and the Dominican Banana Producers Association (Adobanano) have agreed on a RD$400 million loan with a 6% interest rate for Association members. Banco Agricola administrator Paino Abreu and Adobanano President Eddy Cabrera discussed the commitment to make sure the loan process is successful. Adobanano promised that they would pay back all loans and that members would pay for any loans they accrued separately. Abreu, quoted in Hoy, said that the loan would help banana producers to begin the recovery process months after Tropical Storms Noel and Olga and enable them to continue competing on the international markets.

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