The first loan was issued under the “Economics of Simple Things” program

The Atyrau region branch of Agrarian Credit Corporation JSC financed the first project within the framework of the “Economy of Simple Things” program.

A start-up loan was issued to the Tama-ken peasant farm in the Makhambet district of the Atyrau region for the development of horse breeding. Loan amount – 90 million tenge, for a period of up to 7 years. According to the established schedule, there are holidays of up to 2 years for the repayment of the principal debt, and 1 year for the repayment of the interest. The entrepreneur is also given the opportunity to repay the loan once a year.

Through a preferential loan, the head of the Tama-ken peasant farm, Arman Dalbaev, intends to purchase 251 heads of horses. Thus, the businessman plans to supply the market of the Atyrau region with horse meat. Arman Dalbaev has been engaged in agriculture since 2010, namely breeding cattle, horses and camels for meat production.

For reference: By Decree of the Government of the Republic of Kazakhstan No. 459 dated June 28, 2019, the Corporation was included in the operators of the “Economy of Simple Things” program.

Currently, the Corporation has received 180 applications from all regions of Kazakhstan. Of these, 13 projects have been approved and work is underway to prepare documents for financing.

Press service of JSC "Agrarian Credit Corporation"

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