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Article: Cotton growers cannot repay bank debts.
- Article from:
- Times of Central Asia
- Article date:
- March 20, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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March 20, 2009, (TCA Editions) -- Cotton farmers in Tajikistan say that the reduced market for their product means that they are unable to repay their loans to Tajik banks. Nurali Turdiev, a farmer in southern Khatlon Province, said that he cannot repay his $3,500 debt to the bank because he cannot sell his cotton. There are some 56,000 cotton farmers in Khatlon Province who borrowed a total of 550 million somoni (US $142m) from local commercial banks with an annual interest rate of 25 percent. Khatlon Governor Ghaybulloh ...
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