President Danilo Medina was in Luperon in Puerto Plata province yesterday, Sunday 2 February where he visited cattle ranchers and women’s enterprise groups. He announced RD$16 million in low-interest loans for the Luperon Cattle Ranchers Association to improve milk, cheese and yoghurt production. The loan repayments will be charged 0.41% monthly interest. Of the total, RD$10 million will be managed by the Special Fund for Farm Development (FEDA) and the rest through the Administrative Ministry of the Presidency.
During the visit, the Presidency announced that RD$43.6 million would be available for women’s enterprise groups and for cattle ranchers in Jamao al Norte, in Espaillat province.