The main goal is to support the development of agrarian sector of the country by ensuring access for agricultural manufacturers to financial resources, as well as to agricultural machinery and technological equipment on a leasing basis.
Mission of “KazAgroFinance” JSC is the technical and technological renewal of the agricultural sector by providing the agricultural producers with the affordable funds, as well as with the agricultural machinery and technological equipment on the lease basis.
Principles of the Company
- Compliance of the Company’s activities with priorities of the state agrarian policy and legislation;
- Publicity of the Company’s activities;
- Openness and transparency of the Company’s activities.
Prospect for the Company by 2020 – it is the key financial and investment institution in the agricultural sector of Kazakhstan, ensuring the effective management of its own assets for the purpose of supporting of the agricultural sector of the republic by rendering the affordable financial services and carrying out the leasing business for its technical and technological renewal based on the high standards of business and reliability.
The Company is financing the implementation of the new advanced technology productions with the complete production cycle for supplying with the equipment from the key world manufacturers.
Activities. To implement statutory objectives the Company carries out the following activities:
- leasing in the agro-industrial complex;
- lending and providing financial and other services to entities of the agro-industrial complex;
- participating in the implementation of republican budget and other programs aimed at developing the agro-industrial complex;
In all regions of Kazakhstan the company is represented by 9 branches and 4 representative offices.
Ratings. On December 29, 2009 the International rating agency “Fitch Ratings” assigned long-term foreign and local currency rating BB/Outlook Stable to “KazAgroFinance” JSC.
Chronology of development of “KazAgroFinance” JSC
1999 – state registration of the Company
2000 – receipt of the first credit against goods in the form of 630 John Deere combine-harvesters for further leasing
2003 - construction of the first machine and tractor stations
2004 - delivery of the first seeding complexes
2005 - the beginning of purchase of equipment for livestock products processing
2006 - implementation of ERP-system Oracle E-Business Suite, assigned the status of Financial Agency
2007 - the beginning of financing of greenhouse complexes, establishment of dairy farms and leasing of cattle
2008 – the beginning of establishment of intensive orchards, establishment of fish-processing plants
2009-2011 – implementation of major investment projects