Plan for implementation of priority directions for their financing by group of companies of "KazAgro" Holding" JSC within the State program for agribusiness complex development in RK for 2017-2021 and the Program for development of productive employment and mass entrepreneurship for 2017-2021.
II. The mass entrepreneurship for 2017-2021 (hereinafter – Program) by the order of the Deputy Prime-Minister of RK – the Minister of agriculture dated 10 March 2017 No. 109 there were approved:
1)Rules of lending and microlending in small towns and rural settlements governing by "Agrarian credit corporation" JSC (Corporation) and "Fund for financial support of agriculture" JSC (Fund):
The Fund implements the Program through lending programs Igilik, Bereke, Yeginzhay, Kasipker, Yntymak (terms of lending are on the site of the Fund). Development of additional internal regulations was not required.
The Corporation implements the Program through lending program Isker (terms of lending are on the site of the Corporation). Development of additional internal regulations was not required.
2)Rules of guaranteeing of microloans issued by microfinancial organizations and credit cooperatives in rural area and small towns governing by KAG:
KAg in turn has developed the Regulations of activity of "KazAgroGarant" JSC to guarantee microloans (approved by the resolution of the Executive board of KAG dated 17.04.2017) which regulate the order of guarantees, and the Regulations on the Committee for microloans/loans guaranteeing. At present the draft Methods of definition of financial condition of enterprise and the Policy for microloans guaranteeing are on agreement with the interested structural subdivisions of KAG.
In 2017 within implementation of the Program the following indicatives were defined:
1.Number of granted microloans in village – 3 300 units;
2.Number of granted guarantees in village – 720 units;
3.Share of financed startup projects in village – 20% of allocated sum.
If you have questions, please contact us at the following contacts:
Regarding funding programs - Kenzhegulov Daniyar + 7 (7172) -705-643, D.Kenzhegulov@kazagro.kz
The State program for agribusiness complex development in the Republic of Kazakhstan for 2017-2021
The Program for development of productive employment and mass entrepreneurship for 2017-2021