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More than 415 billion tenge was allocated to finance the agro-industrial complex of the Republic of Kazakhstan

The Agrarian Credit Corporation has crossed the 300 billion mark in financing the agro-industrial complex, with a plan of 330 billion tenge.

It is worth noting that compared to the same period last year, the volume of actual financing was exceeded by 86 billion tenge, exceeding the results of last year by 40%.

Of this volume, 140 billion tenge were used to finance spring field and harvesting work, which made it possible to cover 3.5 million hectares of agricultural land. Over 3.8 thousand farmers received loans.

The universal program “Agribusiness” covers over 2.5 thousand farmers for projects for the development of livestock farming, crop production and agricultural processing. This year, more than 132 billion tenge have already been spent, which exceeds last year’s figures by 19.6 billion tenge.

The Corporation pays no less attention to entrepreneurs. The ACC operates a microcredit program called “Isker” specifically for small businesses. Microloans can be obtained at a rate of 6% per annum. Over 3 thousand microloans worth 17.8 billion tenge were financed.

This year has also become significant for young people; at 2.5 percent per annum, young entrepreneurs throughout Kazakhstan can receive loans under the “Microcredit for Youth” program with a maximum loan term of up to 7 years. More than 11.7 billion tenge have already been spent under this program.

An equally pressing issue is updating the agricultural machinery fleet. The Corporation's subsidiary, KazAgroFinance, financed the lease purchase of more than 4.7 thousand units of agricultural machinery worth over 113 billion tenge. In addition, this year KAF launched preferential leasing programs for agricultural machinery and equipment “Own feed”, “Made in Kazakhstan” and “Zhasyl Onim”.