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THE «ALTYN ASYK» PROGRAM

 

 

 

Characteristics of terms of refinancing

Terms of refinancing

Target group

Legal entities (including  ACC) and individuals (Peasant Agriculture, Farming Enterprise, Individual Entrepreneur), CU

 

Aim of the program

For legal entities and individuals (Peasant Agriculture, Farming Enterprise, Individual Entrepreneur):

·         Purchase of breeding stock small cattle and breeding stud rams of fine-wooled, semi of fine-wooled, hair ship, semi hair sheep breeds;

·         Purchase and repair of fixed assets, financing of working capital

 

For CU:

  • Financing CU for further crediting members of CU for purchase of breeding stock small cattle and breeding stud rams of fine-wooled, semi of fine-wooled, hair ship, semi hair sheep breeds;

 

Currency of the loan:

Tenge

 

Loan amount

For borrowers (except CU) - from 5 000 000 tenge up to 25% of the equity capital of the Corporation;

 

For CU – From 5 000 000 tenge up to 25% of the equity capital of the Corporation.

Loan / credit line term

Up to 84 months

Interest rate for finances from Republican budget

-       for borrowers (except CU) – 6% per annum (annual effective rate of return 6 % per annum);

 

-       for CU – 4% per annum (annual effective rate of return 4 % per annum);

Interest rate for finances from other sources

-       for borrowers (except CU) – 15 % per annum (annual effective rate of return 15 % per annum);

 

-       for CU – 9,5% per annum (annual effective rate of return 9,5 % per annum);

Repayment grace period  of PD

-       Purchase of breeding stock small cattle and breeding stud rams, the purchase and repair of fixed assets – up to 24 months since the issue of each trance;

 

-        Financing of working capital – up to 12 months from the date of receipt of the tranche since the issue of each trance.

Repayment grace period  of fee:

up to 12 months since the issue of each trance

Collateral

In accordance with the Collateral policy

* Funds from the Republican budget allocated for loans on the purchase of breeding stock.

 

  

 

 

Letter from the Kazakhstan Association of Appraisers

Letter from the Chamber of professional appraisers in the north-Kazakhstan region

 

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