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LOANS ISSUED WITHIN PREFERENTIAL AGROLENDING PROGRAM MADE UP 245M LARI

February 14, 2014

Sarke Daily News



Agriculture Ministry reported that loans, issued within preferential agrolending program as of February 11, totaled to 244.5 million lari.

At that, 45.8% (i.e. 111.87 million lari) was issued to 5,685 beneficiaries within the 2nd component (credit to medium and large farmers).

Within the 3rd component (loans in foreign currency for establishment of new enterprises and technical re-equipment of existing ones), 33.5% (equivalent to 81.99 million lari, exchange rate 1.7309) was issued to 405 beneficiaries.

20.1% (49.09 million lari) was issued within the 5th component (funding of grape processing plants).

Within the 1st component (interest-free loans against goods for small farmers), 0.45% (i.e. 1.1 million lari) is issued to 2,685 beneficiaries, who had to pay money back in autumn. As the Ministry's Project Management Agency told "Sarke", there was no single case of problems with repayment of loans.

Within the 6th component, 450,000 lari was issued for 2 tangerine-purchasing enterprises, accounting for only 0.18% of total loan.

Still nobody expressed interest towards the 4th component (leasing).


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Source: Sarke Daily News (Georgia)


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