“Ken Dala 2”: Financing for Agriproducers Is Now Open, First Applications Approved

Agrarian Credit Corporation JSC (ACC), a subsidiary of Baiterek National Managing Holding, has officially begun financing agricultural producers under the key state program Ken Dala 2. The launch of concessional lending is being carried out ahead of schedule — even before the start of the active agricultural season — which is a strategic step to ensure the country’s food security.

The start of financing has demonstrated strong interest from the agricultural community. Under the Ken Dala 2 program, the Corporation has already received 694 applications totaling 82.3 billion tenge.

The Ken Dala 2 program is a strategic solution enabling agriproducers to prepare in advance for the upcoming agricultural season. Early allocation of funds is critically important: it allows farmers to purchase fuels and lubricants, mineral fertilizers, seeds, plant protection products, and to carry out timely equipment repairs at favorable prices (before the active sowing season begins). This approach helps minimize risks, reduce sowing costs, and increase yields, fully aligning with the instructions of the Head of State to create all necessary conditions for stable and confident work of agrarians.

The success of this policy is also confirmed by historical dynamics: the total volume of concessional lending under the Ken Dala program continues to grow steadily — from 140 billion tenge in 2023 to over 500 billion tenge in the current year, 2025.

The program is a comprehensive financial instrument implemented through a wide network of partners for working capital financing. Funding is available both directly through ACC (for direct borrowers) and through Credit Partnerships (CPs), second-tier banks (STBs), microfinance organizations (MFOs), Regional Investment Centers (RICs), and Social-Entrepreneurial Corporations (SECs).

A key factor of accessibility is the concessional interest rate: borrowers receive loans at 5% per annum. At the same time, the loans themselves are issued using market-based funding, which reduces the burden on the national budget.

Special attention is given to reducing collateral requirements for farmers: 85% of the loan amount is guaranteed by the Damu Industrial Development Fund JSC, a subsidiary of Baiterek National Managing Holding. Collateral is required only for the remaining amount and remuneration, significantly simplifying access to financing.

“The launch of Ken Dala 2 clearly demonstrates the strategic synergy within the Holding. By implementing the 85% guarantee mechanism through Damu Industrial Development Fund and leveraging the capabilities of Agrarian Credit Corporation, we are not merely allocating financial resources — we are transforming the perception of credit risk in the agricultural sector. This creates predictable and safe conditions for the participation of private financial institutions and ensures that vital state support is delivered effectively and on time to every farmer, thereby strengthening the foundation of food security in the Republic of Kazakhstan,” emphasized Niyaz Koshkimbayev, Managing Director of Baiterek National Managing Holding, highlighting the strategic importance of the program for the country’s financial system.

The implementation of the Ken Dala 2 program and its record-high financing levels confirm that Baiterek National Managing Holding and its subsidiaries are effectively fulfilling their strategic mission to build a sustainable and technologically advanced system for supporting Kazakhstan’s agro-industrial complex.