THE «SYBAGA» PROGRAM

 

 

Parameters of terms of credit

Terms of credit

 

Target group:

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

Aim of the program:

For legal entities and individuals (Peasant Agriculture, Farming Enterprise, Individual Entrepreneur):

·  Purchase of breeding stock cattle, including selected growing stock, and/or breeding stud bulls;

·  Purchase and repair of fixed assets, financing of working capital.

 

For CU:

·         Financing CU for further crediting

members of CU for purchase of breeding stock cattle, including selected growing stock, and/or breeding stud bulls; Purchase and repair of fixed assets, financing of working capital

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 funding  from Republic Budget

for borrowers (except CU) – 6% per annum (annual effective rate of return 6 % per annum);

 

for CU – 4% per annum (annual effective rate of return 4 % per annum);

 

Interest rate for funding from other sources

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 stud bulls and fixed asset acquisition – up to 12 months since the issue of each trance;
  • Purchase of seed stock of cattle including selected growing stock – up to 30 months since the issue of each trance;
  • Purchase and repair of fixed assets – up to 24 months since the issue of each trance

 

Repayment grace period  of fee:

·         Purchase of stud bulls and fixed asset acquisition – up to 12 months since the issue of each trance;

·         Purchasing of seed stock of cattle including selected growing stock and purchase and repair of fixed assets – up to 24 months since the issue of each trance.

Provision

In accordance with the Collateral policy

 

* Funds from the Republican budget allocated for loans on the purchase of breeding stock.

 

 

ANNOUNCEMENT

 

        "Agrarian Credit Corporation" JSC announces that due to a number of violations of " NGO Kazfintehekspert" LLP and "Bureau of Evaluation and Examination" LLP  are not recommended as a company to assess the facilities provided as collateral for loans.