Growing together: Integrating farmers into value chains with sustainable finance

Growing together: Integrating farmers into value chains with sustainable finance
HomeNewsDevelopment of the Agro-Sector: “Value Chain Agro Finance” project at “Agro-Expo 2023”

Development of the Agro-Sector: “Value Chain Agro Finance” project at “Agro-Expo 2023”

From October 20th to 22nd, 2023, Agroprom hosted the “Agro-Expo 2023” exhibition and forum in Bishkek. The event brought together all active participants in the agricultural market, including farmers, agricultural enterprises, and financial institutions.

The “Value Chain Agro Finance” project, co-funded by the European Union, the European Investment Bank, and the German Development Bank (KfW), actively participated in the event and presented the project’s opportunities for the development of the country’s agro-sector. The project was represented by Akimbek Bektenaliev, a capacity development expert in agricultural finance. He participated in a panel discussion on agriculture finance and also answered visitors’ questions at the project stand in the exhibition hall.

“I learned about this significant project today and am pleasantly surprised by the opportunities it will offer. I am looking forward to the opening of registration for participation, and we will definitely apply with our company, Poliv.KG. I hope we can secure financing” noted Chubak Boykonov, a visitor of our project stand and the director of Poliv.KG.

In recognition of the project’s active participation in the event, we were awarded a participant’s diploma and were invited to further engage with the exhibition’s host, the Association for the Development of the Agro-Industrial Complex of the Kyrgyz Republic.

The “Value Chain Agro Finance” project was launched in April 2023. With a total budget of 37 million euros, it will assist farmers and value chain enterprises in adopting advanced agricultural production and processing technologies, implementing international quality standards, and gaining access to long-term agricultural investment loans in the national currency.

The project is implemented by AFC Agriculture and Finance Consultants in consortium with CAIConsulting and with the support and active participation of the Ministry of Finance and Ministry of Agriculture of the Kyrgyz Republic.