News Column

30% of loans obtained by Kyrgyz farmers spent for weddings, celebrations – MP

June 23, 2014

30% of loans obtained by farmers from commercial banks are spent not as intended, MP Saidulla Nishanov (Ata Meken) said at the meeting of the parliamentary committee on agrarian policy, water resources, ecology and regional development on June 23.

"30% of loans obtained by farmers from banks are not spent for the intended purpose. These funds are spent for feasts, celebrations and weddings," he said.

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Source: AKIpress News Agency (Kyrgyz Republic)