By April 18, the Agrocredit Corporation of Kazakhstan had formed a pool of applications for 459 billion tenge from 6,816 agricultural producers to finance spring field and harvesting work in 2025. From this pool, 4,571 farmers were financed for a total of 293 billion tenge, the ACC reported.
Recall that this year, about 700 billion tenge will be allocated in this area (2 times more than last year), of which 560 billion tenge will be attracted from sources of market capital. The annual interest rate for farmers is 5%, the loan repayment period is until March 1, 2026. For those who do not have enough collateral, 85% of the loan amount is guaranteed by the Damu Fund.
It is also reported that JSC KazAgroFinance has already concluded leasing agreements for 45.4 billion tenge to date for the purchase of about 2.5 thousand units of equipment. Including 2 thousand units of sowing equipment and machinery for 36.5 billion tenge and harvesting equipment for about 9 billion tenge (453 units).