Credito Valtellinese for farmers

The co-operative "Agrifidi Sondrio", sponsored by the Chamber of Commerce prepared an announcement of competition for the granting of bonus soft loans to associated farms and dairies.

Loans (100 million lire at most and lasting 36 months) are meant to finance production settling building, renovation and extension; improve the industrial safety; build storage facilities; purchase lands and machines, build or renovate new facilities, purchase head of cattle, different from bovine ones.

The interest rate is expected to decrease by 4 points, thanks to a single annual contribution.

Applications must be presented within November 30 1998.

Credito Valtellinese counters, thanks to the agreement with Agrifidi Sondrio, are providing information and helping farms and dairies that are interested in filling out the applications.