KULOB, October 20, 2008, Asia-Plus — Over the first nine months of this year, the branch of TajPromBank in Kulob has provided 6,193,437 somoni (TJS) in loans to local enterprises, farming units and physical entities, TajPromBank’s branch head Yoqubjon Saburov said in an interview with Asia-Plus.
According to him, agri-loans have accounted for 58.14 percent of the overall volume of loans provided over the report period. “3,611,755 somonis have been provided in loans for development of the cotton sector in Vose, Farkhor, Kulob and Hamadoni districts,” Saburov said, noting that some 250,000 somoni have already been repaid.
“However, there may be problems with repayment of loans in the Hamadoni district; where the cotton-harvesting campaign is going very slowly,” said he. “We have provided some 2 million somoni in loans to cotton-growing farms in this district.”
Saburov also noted that they had provided 73,585 somoni in travel loans to local labor migrants traveling to the Russian Federation. “Over the same nine-month period, labor migrants have remitted 7.2 million US dollars and 18 million Russian rubles to our bank,” he said.
