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THE "KULAN" 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:

-       Purchase of breeding stock horses and breeding stud horses;

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

For CU:

-       Financing CU for further crediting of the members of CU for purchase of breeding stock horses and breeding stud horses.

Currency of the loan:

 

Tenge

 

Amount

-          For borrowers (except CU) - from 1 000 000 tenge up to 25% of the equity capital of the Corporation;

-          For CU – From 1 000 000 tenge up to 25% of the equity capital of the Corporation.

Credit / credit line term

Up to 120 months

Interest rate

-                   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 Principal Debt:

 

-                  Purchase of breeding stock horses and breeding stud horses, the purchase and repair of fixed assets – up to 36 months since the issue of each trance;

-                  Financing of working capital – up to 12 months 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

 

  

 

 

Letter from the Kazakhstan Association of Appraisers

 

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