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We began issuing loans for spring field and harvesting work

The issuance of loans for spring field and harvesting work began. Starting from December 2017, JSC Agrarian Credit Corporation began accepting applications from agricultural entities for carrying out agricultural production and sustainable development. Already now, to carry out spring field and harvesting work, farmers are actively receiving loans under the proven “Ken Dala” program.

To date, 1,228 agricultural producers have submitted applications for 41 billion tenge. By the end of the year, the corporation plans to cover 1,500 agricultural producers with credit funds to sow 3 million hectares of crop area.

This year, 60 billion tenge were allocated from the Republican budget for spring field and harvesting work.

The allocated monetary resources are intended for lending to agricultural entities to replenish working capital and for subsequent financing of agricultural entities by advancing the purchase of crop products for spring field and harvesting work. Financing is provided through three sales channels: second-tier banks, direct lending, credit partnerships and microfinance organizations.

Lending terms:

  • directly (KZT15 billion) – 4% per annum (GESV - from 4%),
  • through second-tier banks (KZT40 billion) – from 5% per annum (GESV – from 5%),
  • through CT and MFO (T5 billion) - from 6% per annum (GESV - from 6%).
  • You can submit an application at any nearest branch of the Corporation.