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Financing Program 'Made in Belarus'

Designated purpose

Agricultural machinery not requiring installation**

Vehicles (including haulers and trailers) for transportation of agricultural and fish products, biological assets**

Machinery and equipment requiring installation**

Equipment not requiring installation**

Special machinery**

Maturity

up to 5 years

First leasing payment

at least 20% of the value of subject of leasing

Collateral

not required/required

Grace period for principal

 

 

 

no

 

 

Grace period for interest

Interest rate

 

14.5% (where 6.34% is reimbursed by the Republic of Belarus while preserving the possibility of obtaining the governmental subsidies from the Republic of Kazakhstan)

Annual effective rate

 

 

from 14.8%

Special terms

1) lessee shall transfer the compensation received against repayment of leasing payment or other indebtedness under the financial leasing contact concluded;

2) the Company shall be entitled to transfer the compensation against repayment of the lessee's overdue payments;

3) subject of leasing shall be transferred to the lessee for obtaining the compensation not later than the date stipulated by the Contract;

4) termination, refusal from further compensations by the Government of the Republic of Belarus shall not be a ground for the lessee to terminate performing its obligations timely and make the leasing payments under the financial leasing contract in full.

Principal and Interest Repayment Schedule

- principal repayment: at least 1 (one) time a year;

 

- interest repayment: at least 1 (one) time a quarter.

* compensation by the Government of the Republic of Belarus to the lessee is 2/3 of refinancing rate of the National Bank of the Republic of Kazakhstan (as of 06.03.2018 it is 9.5%) applicable as of the date of the financial leasing contract on the outstanding principal.

** Subjects of leasing under the Program ‘Made in Belarus' may be obtained within ‘Master-leasing'. The service ‘Master-leasing' is an opportunity to open a leasing credit line for the agricultural sector entities and fixing the financing limit by means of leasing for 1 (one) year, within which the borrower may within 1 (one) year enter into the financial leasing contracts under the terms applicable at the date of contracts without recurrent provision of a full set of documents within 1 (one) year.

Approved by the Resolution of the Board of Directors of KazAgroFinance JSC No.6 dated 28.03.2018