RESULTADOS DE LA DICTAMINACIÓN DE 213 PROYECTOS CREDITICIOS DE GANADERÍA DE CARNE

Credit is a fundamental input for production. One of its major limitations is default payments.Quality of credit portfolios is directly linked to the quality of the projects that are used togenerate them. This study assesses the quality of a non probabilistic sample of 213 livestockprojects to which credit was granted by a financial institution in 3 consecutive years. Between15-20 projects where obtained in each of the 12 regional branches covering the nationalterritory. Fifteen different types of deficiencies where found. The most frequent deficienciesfound were: the use of nominal interest rates, (100%), omission to include production costs(44%) including incomes from other activities (43%), and high calving rates (25%). Thenumber of deficiencies per type of project was of 5.5 in the case of enterprises dealing withdouble purpose production (beef-milk); 6.3 for cow-calf production, and 6.5 for pasturefattening. Results were highly significant for the deficiencies by branches and significant fortype of project. No statistical differences were found in relation to the year of preparation.There are statistical differences (P< 0.05) in deficiencies found between double purpose andcow-calf projects as well as between double purpose and pasture fattening. The exaggeratedfrequency of deficiencies, together with the fact that they were not detected by regularinstitutional supervision mechanisms, shows an obvious failure of these mechanisms but moreover, it shows the possibility that these deficiencies are considered by the institution as“accepted problems” or “understood values”, since there are other priorities regarding creditpolicies such as use of nominal interests rates, short amortization periods, etc.