The "Іsker" program

"Program for the Development of Productive Employment and Mass Entrepreneurship for 2017-2021"

Characteristics of terms of credit

Terms of credit

Target group


Aim of the program

Financing CU/ Micro Financial organizations for further crediting of final borrowers of CU/ Micro Financial organizations:

- Production and processing of agricultural products;

-    lending to agricultural cooperatives aimed at organizing service and procurement services on meat, dairy and fruit and vegetable products;

-    Non-agricultural business in rural areas.


Currency of the loan:


Loan amount

-    500 000 tenge up to 25% of the equity capital of the Corporation, But no more than the amount of the risk limit for MFOs / CTs established by the decision of the Corporation's authorized body (for final borrowers - up to 8,000 (eight thousand) MCI, set for the current year)

Loan / credit line term

-    up to 60 months, but not exceeding the period specified in the agreement / contract of crediting

-    for livestock projects and for lending to agricultural cooperatives up to 84 months, but not exceeding the period specified in the agreement / contract of crediting.


Interest rate

2% per annum (for final borrowers - AERR not more than 6% per annum)

Repayment grace period  of PD and fee:

-    Up to 1/3 of the crediting period, but not exceeding the period specified in the agreement / contract of crediting with the MFO


1.               In accordance with the Collateral policy;

2.    Under the guarantee of the RIC, while the restrictions established by the Security Policy are not applied to this program;

3.    Collateral from CU is not required for that part of the financing, where the guarantee for the projects of the final borrowers of CU is the guarantee of "KazAgroGarant" JSC;

4.    Requirements for MFOs, financed without collateral:

-       availability of the "High Reliable" or "Reliable" rating according to the Methodology for determining the MFI rating;

-       own capital must be at least 50,000,000 tenge;

-       the ratio of provisions for the loan portfolio with overdue more than 90 days should be at least 0.8;

-       the coefficient of the maximum limit of total liabilities k3, taking into account the newly requested financing, should not exceed 5;

-       carrying out the main activity for at least 2 (two) years preceding the application process (it is allowed to finance MFIs that have a core activity of at least one (1) year before the application is filed, provided that the Corporation conducts an audit of MFI business processes);

-       availability of audited financial statements for the previous reporting year, compiled by audit organizations;

-       availability of guarantee of founders, except for state / non-profit organizations.




Letter from the Kazakhstan Association of Appraisers


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