Eldik Bank Expands Financing for Agriculture

Eldik Bank has signed Agency Agreements with the Ministry of Finance of the Kyrgyz Republic under the project “Financing to Support Agricultural Mechanization in the Kyrgyz Republic”, implemented with the support of the Islamic Development Bank Institute.

The financing will enable farmers and entrepreneurs to purchase modern agricultural machinery and equipment on favourable terms in accordance with Islamic financing principles.

Financing terms:
- Annual return rate - 6%;
- Financing period - up to 7 years;
- Financing products - Murabaha and Ijara Muntahia Bittamleek;
- Purpose - purchase of agricultural machinery and equipment.

First Deputy Chairman of the Management Board of Eldik Bank, Akylbek Turdaliev, noted that the project will expand opportunities for farmers and agricultural enterprises to acquire modern machinery, helping to improve productivity and efficiency in the agricultural sector.

The Agency Agreements were signed in accordance with the Resolution of the Cabinet of Ministers of the Kyrgyz Republic as part of the agricultural mechanization project.