Financing of small business in villages for the past three years by “KazAgro” increased in 1.8 times

In 2018 it is planned to give microloans for KZT 34 billion. For this purpose the Fund for financial support of agriculture, a financial-lending organization in the structure of KazAgro, plans to expand a product range for purchasing of seed stock of cattle and small cattle by households which have export-oriented contracts. To optimize the package of documents for financing it is planned to integrate with databases of

In 2017 the Fund to finance agricultural entrepreneurship directed KZT 50 billion.

Thus, if in 2015 the loans were given for KZT 27.3 billion, in 2016 – KZT 34.9 billion, then in 2017 the volume of given loans amounted to KZT 49.9 billion.

In 2017 the Fund participated in two state programs – the State program for agro-industrial complex development for 2017-2021 and the Program for productive employment and mass entrepreneurship development for 2017-2021.

The lending was implemented on the following main loan products: “Yrys” – establishment and expansion of family dairy-commodity farms; “Bereke” – feeding of agricultural animals; “Igilik” – breeding of agricultural animals and poultry to receive products; “Yntymak” – financing of service and procurement organizations of meat, dairy, fruit and vegetable directions; the program to establish intensive apple orchards of family type.

-          During the past year the Fund financed 13 238 projects for KZT 49.9 billion, 13 837 persons were employed, - noted the deputy chairman of the executive board of “Fund for financial support of agriculture” Duman Ospanov.

Besides within the program «with diploma to village” the Fund as an attorney agent gave 3 424 loans in sum of KZT 11 billion to young specialists who came to rural areas for work.

With assistance of loan funds given by the Fund in the past year 6 689 family feedlots were established, as well as 159 milk collecting points, 67 slaughter points, 51 milk trucks and 40 refrigerators were purchased, 104 thousand heads of cattle were purchased for feeding and 52.6 thousand heads of seed stock of cattle.

In whole, “KazAgro” National management holding” JSC in 2017 to support agro-industrial complex directed KZT 266.7 billion, including for lending of agro-industrial complex – KZT 245.7 billion. The share of small and medium-sized business in the structure of lending amounts to 94%. In 2017 about 22 thousand loans were given, coverage of agribusiness entities with the Holding’s programs increased by 60%. Average sum of a loan amounted to KZT 11 million. This allowed to provide with employment and create new jobs for 62.8 thousand people. More than 40 loan products are implemented adopted to the needs of different sectoral directions and sizes of agribusiness.