The practical implementation of the World Bank Project “Integrated Increase in Productivity of the Dairy Sector, in which OJSC “Guarantee Fund” participated, has started in Issyk-Kul region. Today, the first loans were issued to 17 farmers of the Svetlaya Polyana Village in Jeti-Oguz District.
A representative of the World Bank mission, Artavazd Hakobyan, and a project representative Andriy Gankin, were the witnesses of contract signing. Both representatives noted that the objective of this project is to increase productivity of dairy cows and growth potential in dairy sector of Issyk-Kul region.
In turn, farmers expressed gratitude to the World Bank mission for their training, financial support, and promised to increase the volume of milk handed over.
Reference: One of the components of the World Bank project is Revolving Fund, amounting to $2 million USD. The fund provides financing for interest-free loans to farmers. More than 2 thousand people living in Issyk-Kul region will receive funding under the project.