The "Agribusiness" program

 

Characteristics of terms of refinancing

Terms of refinancing

Target group:

Legal entities (including  ACC) and individuals (Peasant Agriculture, Farming Enterprise, Individual Entrepreneur

Aim of the program:

-                  Fixed asset acquisition, including modernization of property;

-                  CIW, including reconstruction

-                  refinancing loan indebtedness under ongoing projects;

-                  working capital;

-    acquisition of property, adopted by the Corporation's balance sheet on account of repayment of problem loans.

 

Currency of the loan:

 

tenge, US dollar

 

Amount

from 1 000 000 tenge up to 25% of the equity capital of the Corporation (the equivalent in US dollars on the date of the decision)

Credit / credit line term

-                  Fixed asset acquisition, construction and installation works , including reconstruction – up to 108 months;

-                  Financing of working capital – up to 36 months;

-                  the term of the credit line for refinancing of outstanding loans depends on the purpose of the loan.

Interest rate

in tenge 15% per annum (annual effective rate of return 15%  per annum)

In USD:

10,5% per annum (annual effective rate of return 10,5% per annum)

Repayment grace period  of Principal Debt and fee:

 

-                   Fixed asset acquisition, construction and installation works , including reconstruction– up to 24 months;

-                   Financing of working capital – up to  12 months;

-                   Grace period for refinancing loan is determined depending on the purpose of the loan

Collateral

In accordance with the Collateral policy

   

 

Letter from the Kazakhstan Association of Appraisers

 

Apply for a loan on-line