“KazAgroFinance” JSC has purchased 300 tractors produced by “SemAZ” LLP to the beginning of spring field work. This is the whole amount stipulated by the agreement between the domestic leasing company and the machine-building enterprise of Semey. To date about 120 units of machinery have already been received by farms and agroformations of the country. Besides, based on the availability of applications for Kazakhstan “Belarus”, “KazAgroFinance” can increase the amount of machinery to be purchased at “SemAZ” this year.
In general, within the framework of agricultural activities in 2011, and taking into consideration the existing demand, “KazAgroFinance” JSC intends to purchase more than 700 units of various agricultural machinery and mounted implements for this agricultural machinery. Relevant agreements were concluded both with Kazakhstan manufacturers and suppliers of agricultural machinery and partners from near and far abroad. In addition, based on applications for financing that were received by “KazAgroFinance”, over 600 units of machinery have already found or will find their owners.
It should be noted that financing for the purchase of machinery by villagers is effected through two instruments – leasing and lending. Conditions of financing and interest rates depend on a source of financing. Machinery, being purchased with funds allocated from the republican budget, shall be financed as follows: 4 per cent per annum for a period of up to 7 years. Purchase with own and borrowed funds – 11,5 per cent and 9,9 per cent for a period of up to 7 – 10 years. To date “KazAgroFinance” prepares reduction of interest rates for some programs, and plans to finance new promising and important directions in terms of ensuring food security in the agro-industrial complex of the republic. The innovations will be announced later.
“KazAgroFinance” JSC is a company founded by the regulation of the Government of the Republic of Kazakhstan in 1999. The main goal is to support the development of agrarian sector of the country by providing access for agricultural producers to financial resources, as well as access to agricultural machinery and technological equipment on a leasing basis. The company is a part of the National Holding “KazAgro”.
Press Service of “KazAgroFinance” JSC
Rinat Tasbulatov, tel: (7172) 55-73-41 (ext. 427)
Mob.: +7 701 460 91 82;
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