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By the Beginning of Sowing Campaign the Farmers Applied to ‘KazAgroFinance’ JSC for 1365 Units of Machinery

By the Beginning of Sowing Campaign the Farmers Applied to ‘KazAgroFinance’ JSC for 1365 Units of Machinery 09.04.2014 Within the preparation for the spring sowing campaign ‘KazAgroFinance” JSC received the applications for purchasing of 1365 units of machinery to the total amount of over KZT13 mlrd. As of today, the financial leasing contracts for 479 units of sowing machinery to the amount of KZT3 664 mlrd. have been already made with the agricultural producers, and another applications for 886 units of machinery are being considered by the Company’s Credit Committee, which will start running in the crop acreage throughout the country soon. Among the popular machinery, apart from tractors and seeders, are such types of machinery as harrow, kun, plough, pickup baler, cultivator, header and etc. It stands to mention that the most of machinery to be purchased by the farmers within the spring sowing campaign is manufactured in Kazakhstan, in particular, one of the most popular models is ‘Belorus’ tractor manufactured at the Semipalatinsk Car Assembly Plant ‘SemAz’. In its turn, the attached implements for the machinery are purchased both from USA and Russia, Belarus, Ukraine, Canada and Germany, and etc. By the way, for supporting the agricultural producers ‘KazAgroFinance’ JSC had decreased the advance payment for purchasing of agricultural machinery from 25% to starting 15% since 2013. Within the preparation for the spring sowing campaign of 2014 the advance payment with providing the collateral will also be 15 % of the value of the subject of leasing.

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