“Shops are at every step. Is it possible to open such a business, does it generate income?” This, obviously, worries any beginning entrepreneur. The answer is simple: it’s never too late to take a risk! This is the position of Taraz resident Nurgali Kushimbekov. Having registered as an individual entrepreneur , he was engaged in cargo transportation.In 2018, with his own funds, he purchased an empty building with a land plot of 7 acres. However, not having the money to open a grocery store, he was able to start the business only 3 years later.

“Our family is large, we are raising 7 sons. In 2021, I first heard that the Agrarian Credit Corporation issues loans to large families at a rate of 4% per annum. At first I didn’t believe it. But, after receiving advice from the regional branch, I was happy. I put a city apartment as collateral. This a very profitable loan, I pay it off once every six months. I would not have been able to get such an amount in a bank under such conditions. I am grateful to the employees of the corporation who believed in me," says the individual entrepreneur.

The entrepreneur purchased the necessary equipment for the store and the first batch of goods with credit funds. The effective remuneration rate for the project is from 4% per year. The store owner repaid his loan ahead of schedule. He runs the business together with his brother, who is in charge of trading, and Nurgali is mainly involved in deliveries. Today the 120 square meter store is being converted into a supermarket. Construction of a new facility with an area of 500 square meters has begun. It is planned to once again attract working capital from the Agrarian Credit Corporation.

JSC "Agrarian Credit Corporation" is a subsidiary of the National Management Holding "Baiterek". Since 2001, it has been providing preferential loans on favorable terms for the development of agricultural and rural businesses. You can find lending programs and branch contacts on the website agrocredit.kz.