BISHKEK, Kyrgyzstan, January 30. A total of 41 units of agricultural equipment valued at 593 million soms ($6.639 million) were distributed to Kyrgyzstan's farmers through leasing from January 8 through 30, Trend reports.
According to the Ministry of Agriculture of Kyrgyzstan, the leasing of agricultural machinery and equipment to farmers is currently facilitated through the Aiyl Bank state enterprise at preferential conditions, with an annual interest rate of 6-9 percent, and a repayment period ranging from 7 to 10 years.
This initiative, which began in 2011, aims to provide timely and high-quality mechanized services to Kyrgyz farmers, fostering leasing development.
Under the ministry's initiative and government support, seven leasing projects have been implemented, resulting in the distribution of various types of agricultural machinery to farmers under favorable conditions. Over this period, a total of 6,617 units of equipment valued at 13.7 billion soms ($153.381 million) have been distributed.
According to the State Statistical Committee of Kyrgyzstan, the total output of agricultural, forestry, and fisheries products in the country from January through December 2023 amounted to 378.699 billion soms ($4.239 million).