Guarantees for loan through the Automated system of “KazAgro”

“KazAgro” National holding has introduced a new service within the automated System for loan applications collection and processing brought into operation for convenience of agricultural producers. It was told by the deputy chairman of the Executive Board of the Holding Aigul Mukhamadiyeva during the Round table in Astana city held today whereon the issues of the current condition of agricultural machines in Kazakhstan and financial services availability increase for its acquisition were discussed.

According to the representative of “KazAgro” Holding, now in the system the applications may be given to receive a guarantee for loan, which is given to businessman in rural area through Credit cooperatives and Microfinancial organizations. Aigul Mukhamadiyeva reminded about the program of loans guaranteeing introduced through the subsidiary company of the Holding – KazAgroGarant JSC. The company is the guarantor of the state in rural areas and guarantees if the businessman has no sufficient property which may be put as collateral. The guarantees allow significantly increase availability to financial resources for business in village, especially for first-time entrepreneurs.

The Automated System for loan applications collection and processing was launched by “KazAgro” Holding in wide exploitation in summer of the past year. Its task is to ease significantly for agricultural producers the process of lending within the line of subsidiary financing organizations of the Holding (Agrarian credit corporation JSC, Fund for financial support of agriculture JSC, KazAgroFinance JSC). Through the System for loan applications collection and processing a potential borrower receives the possibility to apply for lending or leasing without visiting the offices of lending companies of the Holding, and significantly decreasing time and financial expenses.

As Aigul Mukhamadiyeva noted, within the existing system for any questions of servicing rendered by the Holding’s group of companies, there are three alternatives of communications, these are free number of call-center (8 800 080 89 87), on-line assistant and e-mail, where the specialists always give help and professional consulting.