Eligible Business Activities in the framwork of Additional Funding for the Agricultural Commercialization Project Eligible Business Activities. The credit line will support the productivity, financial and environmental sustainability of agriculture and profitability of agricultural enterprises or any other enterprise in rural areas. It will provide Sub-loans to finance a wide range of agriculture-related or other activities (the list is not limited):
· financing of agricultural production (resources);
· investments in agricultural machinery and food processing equipment; investments in storage, packaging, provision of services for agriculture;
· gardening;
· livestock breeding;
· beekeeping;
· fish farming;
· investments in shops selling agricultural resources,
· development of renewable energy sources and energy efficient technologies related to agribusinesses and farming, and;
· other investments.
"Commercialization of agricultural sector"
To start a new business or a new business activity related to agriculture, production of agricultural goods, purchasing of machinery and equipment for the food industry, creation of new employment oppotunity. Development of gardening, beekeeping, trade, services, promotion of agritourism and other activities related to these fields.
Offering sustainable access to start-up new businesses and creation new employment oppotunities and other related activities depending on environmental categories eligible for funding
Minimum loan amount: 10,000 somoni
The maximum loan amount is: up to 20,000 USD equivalent in national currency (in somoni only).
Loan term: from 24 up to 60 months
Annual interest rate: New client - 26% per annum
Repeated client - 24% per annum
Grace period: from 9 up to 18 months
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