CABEI and COOCARUR alliance continues to support Nicaragua's agricultural sector

Managua, November 30^th, 2023.- The livestock and productive sectors of central Nicaragua will be the main beneficiaries of a Global Credit Line that the Central American Bank for Economic Integration (CABEI) recently renewed to the Savings and Credit Cooperative Caja Rural Regional R.L. (COOCARUR) for US$100,000.00.

These credit resources, under competitive financial conditions, will be available over the next 12 months through COOCARUR for small and medium-size producers and are part of the financial intermediation programs supported by CABEI to promote the economic development of its member countries.

With this initiative, and through COOCARUR, more than 30 producers and ranchers in the department of Chontales have benefited in previous years, who have boosted and strengthened their businesses in a sustainable manner, investing in the improvement of their productive units through access to financial resources.

COOCARUR, which has received CABEI support for more than 17 years, is a cooperative that provides accessible, low-cost financing to small and medium-sized producers, and also integrates women and young producers so that they can keep the work done by their parents in livestock farming.

This operation is framed within the framework of the CABEI's 2020-2024 Institutional Strategy, in its Sustainable Competitiveness and Human Development strategic axes, given the mobilization of resources for the generation of income and investment towards strategic sectors of the economy.