“KazAgro” automates the process of farmers lending

“KazAgro” National holding introduces electronic system which significantly eases for agricultural entrepreneurs the lending process within the line of subsidiary financing organizations of the Holding (Agrarian credit corporation JSC, Fund for financial support of agriculture JSC, KazAgroFinance JSC). We talk about putting into operation of the automated system of loan applications collection and processing for submission by agribusiness entities of their documents for lending through handy service in real-time mode. A potential borrower has a possibility to apply for lending or leasing on state or Russian languages without visiting the offices of lending companies of the Holding decreasing time and financial expenditures significantly.
Besides, the innovation gives the farmer a possibility through his “Personal account” to track the process of application and for feedback.
As the specialists of KazAgro noted the introducing system not only ensures ease and transparency of services rendering by the group of the Holding companies, but also decreases bureaucratic procedures and excludes a possibility of corruption.
The process of loan applying in electronic format includes three steps: Client on internet-portal of KazAgro Holding selects target and program, attaches entitling documents, checks the selected characteristics of lending and sends, after that the formed electronic loan application is received by corresponding subsidiary company. The results of loan application consideration may be observed by a borrower in “Personal account” of the Holding portal. Besides, lending manager may send a notification to client online and if necessary, the client may supplement the loan application with documents.
Introduction of electronic system allows specialists of KazAgro to automate the documents receipt in electronic format, minimize the terms of projects processing, and transfer to servicing of agrarians under the principle of “one window”.
All information about the System of loan applications collection and processing and video instruction how to use the service is published on internet portal of “KazAgro” Holding and video-hosting services on the state language by the addresses:
https://www.youtube.com/watch?v=yowKL9ymHOg&feature=youtu.be и http://www.kazagro.kz/kk/videos; 
on Russian language: https://www.youtube.com/watch?v=7eMN-zOgM1w и http://www.kazagro.kz/videos 
Moreover, within the development of the System of loan applications collection and processing the Holding takes actions to expand its functional possibilities – automation of applications for guaranteeing, applications to purchase agricultural products, integration with the state bodies’ systems, and organization of full-functional call center for all agribusiness entities.
As the Ministry of agriculture has told before, full automation of the process of submitting, processing, approval and payment is completing on three types of subsidizing (loan and leasing rate, fertilizers, herbicides). In 2018 it is planning to complete for the rest 51 types of subsidies. It allows simplify the state servicing, decrease the terms in average from 18 days to 1 day and mitigate the corruption risks.
 

 


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