Dagestan farmers can get short-term loans for seasonal works

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Magomed Aripov, the head of the microfinance company “Dagestan Leasing Fund”, told media about the new product for the agricultural sector of Dagestan. As to Aripov, the "Seasonal" microloan is an opportunity, thanks to which the agricultural producers may receive short-term borrowed funds up to RUB 300 thousand at 4.5% per annum for the performance of seasonal works. The funds can be used to purchase seeds and planting materials, fertilizers, pesticides, fuel, lubricants, spare parts, and to repair agricultural machinery and equipment.

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