JSC "KazAgroFinance", which is part of the group of companies of the "Baiterek" national management holding, launched a new leasing program at its own expense. The program targets agricultural producers whose needs exceed those of existing relief programs. The new product is now available to farmers.

The program was developed within the framework of the new strategy of "Baiterek" Holding to unify rates for financing programs of subsidiary companies and provides for an annual rate of 12.6%, a lease term of up to 10 years and an advance starting from 15%. Financing is carried out only at the expense of the company's own funds, which will make the product very flexible for long-term investment resources in the current demand.

"The new program is our strategic response to market demand. There are enough directions and types of techniques that are left out of simplified mechanisms. There is still a need to finance them. Using our own resources, we are opening the door to additional opportunities for those excluded from government programs.  This is not an alternative to simplified solutions, but a logical and timely addition to them," noted Aidar Prashev, Chairman of the Board of KazAgroFinance JSC.

Thus, within the framework of the program, in 2025, it is planned to finance a wide range of AEC subjects, and finance about 20 billion tenge.  

Along with the new product, "KazAgroFinance" continues to implement the flagship simplified program of leasing domestic equipment at 5% per annum. In 2025, 200 billion tenge have been allocated for it, and already the purchase of more than 4,000 equipment for the amount of 76 billion tenge has been financed. Also, the programs "Made in Kazakhstan", "Facility leasing" with 6%, "Our own fodder" are also in use, and the funding under these programs is estimated to be 18.5 billion tenge.

All these tools are aimed at developing agriculture, strengthening food security and supporting domestic machine building.

Source: official source of the Ministry of Agriculture of the Republic of Kazakhstan site

Source : https://www.gov.kz/memleket/entities/zhetysu-oblysy/press/news/details/1017722?lang=kk