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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