Farmers get 5.1 billion soms in soft loans in 2019

11:12, 21 февраля 2020, Bishkek - 24.kg news agency , Tatyana KUDRYAVTSEVA

Commercial banks of Kyrgyzstan have provided 9,976 soft loans for 5,163.7 billion soms in 2019. The Ministry of Finance provided such data.

They have been provided mostly:

• For crop production — 2,876 loans for 1,165 billion soms;
• For livestock breeding — 6,761 loans for 2,625.4 billion soms;
• For processing and services in agriculture — 339 loans for 1,373.2 billion soms.

The loans were provided at a reduced interest rate (at 6, 8 and 10 percent per annum) to business entities and individuals under the project «Financing of Agriculture — 7.»