Commercial lending of projects in agriculture

Lending terms

Program goal: Projects financing in agriculture

Targeted group: legal entities and individuals (peasant farms, farms, individual businessman)

Intended use:

·         Purchasing of fixed assets including modernization of facilities;

·         Construction and maintenance works including reconstruction;

·         Refinancing of loan indebtedness;

·         Working capital.

 

Currency: Tenge.

Sum: from 1 000 000 tenge till 25% of own capital of corporation.

Loan kind: loan/credit line.

Credit line maturity: till 120 months.

Loan/tranche maturity:

·         For fixed assets – till 120 months;

·         For working capital – till 24 months.

 

Lending rate: 14 % per annum

Periodicity of main debt repayment: monthly, quarterly, in half a year, yearly; by resolution of Loan committee establishment of individual repayment schedule is possible dependent on activity direction and business-plan, partial/full early payment is possible.

Periodicity of fee rate repayment: monthly, quarterly, in half a year, yearly; by resolution of Loan committee establishment of individual repayment schedule is possible dependent on activity direction and business-plan.

Grace period for main debt repayment:

  • For fixed assets – till 24 months;
  • For working capital – till 12 months.

 

Grace period for fee rate repayment:

  • For fixed assets – till 24 months;
  • For working capital – till 12 months.

Collateral: according to Collateral policy.

 

Main requirements to borrower

·         absence of overdue debt for taxes and other obligatory payments to the budget at the date of applying;

·         absence of overdue debt before second-tier banks and other financial institutions at the date of applying;

·         absence of negative credit record;

·         absence of procedures of liquidation, bankruptcy;

·         paying capacity and financial stability.

Main requirements to project

·         project payback during financing term;

·         availability of goods (services) sale markets;

·         availability of liquid collateral.