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Program ‘Reliable Farmer'

Designated purpose

Mounted and towed machinery, when the value of one unit of the subject of leasing is up to KZT25 000 000**

Mounted and towed machinery, when the value of one unit of the subject of leasing is KZT25 000 000 and more**

Self-propelled machinery, when the value of one unit of the subject of leasing, as well as the total value of some subjects of leasing used as complex (including along with mounted/towed machinery) is up to KZT25 000 000**

Self-propelled machinery, when the value of one unit of the subject of leasing, as well as the total value of some subjects of leasing used as complex (including along with mounted/towed machinery) is KZT25 000 000 and more**

Maturity

up to 5 years*

up to 7 years *

up to 10 years *

First leasing payment

not required*

Collateral

not required

Grace period for principal

 

 

no

Grace period for interest

Interest rate

 

14.5%

Annual effective rate

 

 

from 14.8%

Special terms

1) within the Program ‘Reliable Farmer' the financing is provided to the borrowers complying with the bona fide borrower criteria defined by the Company's Internal Credit Policy;

2) maximum risk per one borrower under the Program ‘Reliable Farmer' shall not exceed KZT100 000 000 (one hundred million) taking into account the current liabilities towards the Company and indebtedness of the affiliated persons.

Principal and Interest Repayment Schedule

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

 

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


* the subjects of leasing of the European, American, Canadian, Japanese brands manufactured in PRC are financed under these terms.

** Subjects of leasing under the Program ‘Reliable Farmer' 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