Abstract: The agricultural sector in Tajikistan – the cotton sector in particular – is the largest employer and a critical part of the country’s economy. However, its development has been hindered by outdated agribusiness management skills, poor sector organization, and limited access to financial services. Cotton farmers remain poor and heavily indebted to private loan companies that provide financial packages through ginneries at high interest rates. In order to increase its share of lending to the cotton industry, Tojik sodirot bonk (TSB) – Tajikistan’s third-largest bank – restructured its loan portfolio to more effectively target cotton farmers, providing them with financial products at more favourable rates, as well as technical assistance in addressing the major issues of inadequate collateral and unreliable harvest forecasts. Click here to read more…
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