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Loans to farmers in Kyrgyzstan to amount to 7 billion soms in 2017

Loans to farmers in Kyrgyzstan in 2017 will amount to 7 billion soms, the Minister of Agriculture, Food and Land Reclamation Nurbek Murashev said at a press conference on preparation for spring field work.

According to him, the processors will have the minimum interest rate. They will be issued loans at 6 percent per annum.

«Loans for the development of animal husbandry and agriculture will be issued at 10 percent," the Minister said.

He noted that 60 percent of the total loan portfolio of farmers will be directed to livestock, 20 percent — to the development of the processing industry and agriculture.

Commenting on the results, the Minister noted that in 2016 there were issued loans of 4.8 billion soms. 13,200 farmers received the money. In addition, 250 units of agricultural machinery have been leased. «In 2017, we plan to give in lease 260 units," Nurbek Murashev said.