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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

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

 

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