The Agrarian Credit Corporation has begun financing rural entrepreneurship under the state Program for Increasing Incomes of the Population until 2025. In total, about 40 billion tenge will be allocated for microcredit to residents of villages and small towns this year. Preferential microloans can be obtained by residents of rural settlements and small towns in Kazakhstan. Microloans are issued through direct lending, as well as through funding of credit partnerships and microfinance organizations. According to the terms of the program, the loan amount is: for the development of livestock farming - up to 5 million tenge, for the development of anchor cooperation - up to 12 million tenge; for other agricultural areas - up to 6 million tenge, for the development of anchor cooperation - up to 10 million tenge. The microloan term is up to 5 years, for livestock projects – up to 7 years. There is a grace period of up to 1/3 of the loan term. The interest rate for direct borrowers, as well as for end borrowers of credit partnerships and microfinance organizations is no more than 6% per annum (the annual effective interest rate is from 6%). It is necessary to remind that rural entrepreneurs can submit an online application for a microloan of up to 6 million tenge, without leaving home. To do this, you only need Internet access. Using the IIN, a farmer can go and register on the www.agronesie.kz platform, select the purpose of the loan, enter the mortgagor’s details and submit an application. Integration with state and other databases allows you to conduct an online assessment of the collateral and send a response on preliminary approval of the loan within 10 minutes,” noted Ruslan Tyulegenov, Deputy Chairman of the Board of Agrarian Credit Corporation JSC. Over the past five years, within the framework of the second direction of the State Program for the Development of Productive Employment and Mass Entrepreneurship “Enbek”, through the corporation, rural entrepreneurs received 63.5 thousand loans totaling 267.3 billion tenge. You can get full advice on microcredit at the branches of the Agrarian Credit Corporation located in regional centers and cities of republican significance. Contact information is on the website www.agrocredit.kz. Reference Information: JSC "Agrarian Credit Corporation" is a subsidiary of the National Management Holding "Baiterek". Since 2001, it has been providing preferential loans on preferential terms for the development of agribusiness. You can find out about lending programs on the website www.agrocredit.kz.
