Investment in a cold-storage to store fruits and vegetables for winter season
Mr. Fathiddin Raupov has been selling construction materials in the Hisor market in central Tajikistan for the last 15 years. He was looking for an opportunity to diversify his business and increase his income.
Mr. Raupov approached one of the EBRD’s partner banks for a loan of US$ 18,570 and invested in a cold storage with a total capacity of 300 tons. Based on his strong building expertise, he will construct cold storage within his home compound, having obtained the loan under GEFF project to purchase 2 chillers.
Even though the energy savings in dollars is considered minimal due to the low energy tariffs in Tajikistan, these cold storage systems ensure an adequate supply of fruits and vegetables in winter and spring which allows the population to access a minimum supply of nutrition and vitamins which otherwise will not be possible. For rural areas in Tajikistan where electricity cuts are common, cold storage solutions ensure that fruits and vegetables remain fresh after harvests for a longer period of time. This in turn helps to strengthen Tajik agricultural supply chains.
The European Union investment incentives of 30% is available which makes the financing more accessible to farmers.
“From next year onwards, we will offer storage services for wine grapes for other farmers” asserted Mr. Raupov.
GEFF Tajikistan [Agricultural Value Chains] helps Tajik farmers and agribusinesses adopt technology solutions that can enhance competitiveness of the agricultural value chains.