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THE "KULAN" PROGRAM

 

Parameters of terms of credit

Terms of credit

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
  • 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) – 16,5 % per annum (annual effective rate of return 16,5 % 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

Provision

In accordance with the Collateral policy

 

1. List of documents for Peasant Agriculture, Farming Enterprise, Individual Entrepreneur.

2. List of documents for Legal Entities.

3. Crop growers

 

ANNOUNCEMENT

 

        "Agrarian Credit Corporation" JSC announces that due to a number of violations of " NGO Kazfintehekspert" LLP and "Bureau of Evaluation and Examination" LLP  are not recommended as a company to assess the facilities provided as collateral for loans.