KULOB, February 8, Asia-Plus — The dehqan farm Zaripov in the Kulob district today received 75,000 somonis in loan from the branch of Tojiksodirotbonk (TSB) in Kulob, which is 25 percent of the amount the farm asked for this year (300,000 somonis) , Abdukarim Nematov, the head of the TSB branch in Kulob, said in an interview with Asia-Plus.
According to him, 300 people, including 240 women, now work with the Zaripov farm, which has 150 hectares of farmland sown with cotton.
“The dehqan farms Anvar in the Vose district and Barakat in the Kulob district will also receive loans in 75,000 somonis each today,” the branch head said.
Nematov noted that with introduction of the new system of financing the cotton sector the TSB branch in Kulob has to date provided 430,000 somonis in loans to seven farming units in the Kulob district and another 340,000 somonis to five farms in Vose.
The Kulob branch plans to provide 3.27 million in loans this year due to population’s deposits.
TSB was established in December 1990 as the Tajik branch of the Vnesh Econom Bank of the former Soviet Union, and it initially specialized in trade and import-export banking. Later this branch was reorganized into a Joint-Stock Commercial Bank “Tajikvnesheconombank”. In June 1999 the bank was renamed and registered as Tojiksodirotbonk or TSB.
Headquartered in Dushanbe, TSB has 9 branches in the main cities of Tajikistan and covering all regions of the country. Its clients include the biggest Tajik trading companies, other enterprises, entrepreneurs, and some of the embassies and diplomatic organizations based in Dushanbe.
