FOR 7 YEARS OF “FINANCING AGRICULTURE” PROGRAM, FARMERS HAVE RECEIVED SOFT LOANS IN AMOUNT OF 34 BILLION KGS
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Aid to Villagers.
During 7-year period, more than 90 thousand farmers received soft loans in amount of 34 billion KGS. 68% of the total loans have been directed to livestock, 17% to processing, the remaining 15% to the development of crop production. At the same moment, the demand for credit resources is increasing, and state-owned banks, via which the project is financed, cannot cover all the needs, the website www.gov.kg reports on September 11, 2019.
It is worth to note that OJSC “Guarantee Fund” is a bound participant in the implementation of state programs of concessional financing, such as: “Agriculture Financing”, Financing of Export-oriented and Import-substituting enterprises”, “Financing of business entities to improve the quality and safety of products” etc.