Sweida-Sana
The resumption of granting agricultural loans after their suspension for a period of about 3 months constitutes an opportunity for farmers in Sweida to benefit from them because they contribute to supporting agricultural production, both plant and animal, at a time when they are demanding to raise their value to keep pace with the current prices in the market.
According to farmer Samir Al-Arbeed, he obtained the day before yesterday a loan of 6 million pounds to buy a number of sheep after he had obtained, a few months ago, a loan of 3.2 million pounds, to help build a barn, the cost of which reached 25 million pounds, and suggested raising the value of loans for buying sheep due to the high price of livestock Reducing interest and allocating loans to buy fodder for sheep.
The farmer stated that he had submitted his papers to obtain a loan to buy an agricultural tractor worth 24 million pounds after depositing 30 percent of its value in the bank, stressing the importance of this loan as he annually cultivates areas of crops not less than 600 dunams, which achieves annual savings on it of up to 700 thousand pounds. He pays wages for the tractors he rented for the cultivation and plowing business.
While Riyad Abu Ahmed called for raising the value of loans based on the popular prices in the market, indicating that he had obtained a loan of 3.95 million pounds to buy sheep, as the head price for him was calculated at a value of 75 thousand pounds, noting that the real price exceeded 400 thousand pounds.
According to the Director of the Agricultural Cooperative Bank in Sweida, Eng. Nassim Hudayfah, granting all short, medium and long-term loans for various agricultural purposes has been reopened, with the funding ceiling raised for the construction of barns, refrigerators, sheep and cattle farms and storage tanks to 50 percent of the actual cost according to the popular price issued by the Engineers Association.
Hudayfa pointed out that a new lending target was introduced to grow mushrooms with medium and short-term loans at 50 percent of the actual cost of the project, pointing to the importance of reactivating loans to serve the implementation of agricultural plans and rural development, contributing to the development of the agricultural process, creating new job opportunities, introducing new areas that are not invested in production and increasing The number of agricultural machines, which will positively affect the agricultural services provided.
He also indicated that the Agricultural Cooperative Bank and its branches in Sweida granted until the twenty-first of last June, that is, prior to the suspension of lending operations, development loans to farmers, amounting to 175 million pounds, that included various agricultural purposes and different repayment periods.
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