Agricultural Credit Corporation supports drought victims

Supporting the initiative of the Ministry of Agriculture, Agrarian Credit Corporation JSC transferred one-day earnings to needy farmers and private farms in the Mangistau region.

At the beginning of summer, due to weather and ineffective forecasting, a particularly difficult situation developed in the Mangystau and Kyzylorda regions. In the Mangistau region alone, according to official data, the number of dead livestock reached three thousand. According to the acting Minister of Agriculture of the Republic of Kazakhstan Erbol Karashukeev, today the situation has stabilized, a lot of work is underway to procure feed and help the victims.

Farmers from regions affected by drought and feed shortages who have a loan from the Agricultural Credit Corporation can apply for a deferment on payments by providing a minimum package of documents:

applications for loan extension/restructuring;

• written acts or other documents of authorized government bodies confirming the occurrence of force majeure circumstances. Each application is reviewed as quickly as possible.
• To date, 10 farmers have applied for deferred payments, six of whom have had their applications approved as of today.