The ACC Branch Opened in Mangystau Region

The ACC Branch Opened in Mangystau Region

Agricultural producers of Mangystau region can now obtain affordable loans without leaving the region. November 27, 2017, the Agrarian Credit Corporation (hereinafter referred to as the ACC, the Corporation) opened its branch in Mangystau region. In addition, two more credit cooperatives (the CC) will be established in the region. There is only one Mangystau CC operates in the region to date.


The credit cooperative system is the most affordable and optimal model for lending to small and medium-sized businesses in the rural area, and cooperation with the Mangystau cooperative has already benefited rural businesses. To date, the credit cooperative is almost the only financial institution that provides real financial support to the villagers. Thus, for example, the Yerlan peasant farm is one of the first borrowers of Mangystau CC, which is engaged in the camel breeding. Started 4 years ago, it has the pasture lands of 1,000 hectares. This year, it took a loan in the amount of KZT 29.6 m. To date, the number of livestock has been 120 camels.


Since the beginning of 2017, 54 agricultural subjects of the Mangystau region have been financed by the branch of the Agrarian Credit Corporation of the Atyrau region for a total of 189 million 600 thousand tenge. According to the Іsker program, 50 peasant farms were credited, including 28 farms in the livestock sector and 3 - in the crop production sector. 4 agricultural producers were financed under the Birlik program for a total of more than 49 million tenge.


The Deputy Akim of the region, representatives of the agriculture, small and medium businesses, as well as potential borrowers took part at the opening of the branch of the Agrarian Credit Corporation in Mangystau region. The latter presented their projects to the Agrarian Credit Corporation.


In a welcome speech, Narmukhan Sarybaev, the Chairman of the Board of the Corporation, noted that the presence of agriculture capacity in the region and the opening of the Corporation's branch will launch the promising Kazakh projects for the development of agriculture of both the region and the country as a whole.


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