KazAgroFinance Increases the Supplies of the Machinery by the Sowing Campaign
29.04.2014 The applications for purchasing of the agricultural machinery within the spring field campaign of 2014 surpass a record high. While for the whole spring field campaign of 2013 it was leased 1 234 units of machinery to the amount of KZT12. 3 mlrd., by the end of April of this year KazAgroFinance has already obtained the applications for purchasing of 1 576 units of machinery to the amount of KZT13.5 mlrd. for the sowing campaign, which exceeded the last year indicators for 27 %. The demand for the machinery keeps growing, notwithstanding that the sowing works have not still been started in some regions of the country. The experts associate the increase in the applications for purchasing of the machinery with the total expansion of the sown areas, the necessity of renewal of the machinery and tractor fleet in Kazakhstan and the common affordability of the machinery to be transferred to the countrymen via KazAgroFinance. To date, the Company has already entered into the financial leasing contracts for 687 units of machinery to the amount of KZT6.8 mlrd. (for comparison, in 2013 – 562 units to the amount of KZT5.2 mlrd.). The applications for financing of 272 units of machinery have been approved for financing, the other applications are being considered for financing, and soon, the machinery will find its owners. By the way, the majority of financial leasing contracts for purchasing of the machinery for the sowing campaign have been concluded with the agrarians from Almatinskaya, East-Kazakhstan, South-Kazakhstan and West-Kazakhstan oblasts. Among the popular machinery, in addition to tractors and seeders, are such types of machinery as harrow, plough, pickup baler, cultivator, header and etc. It stands to mention that the majority of the machinery being purchased by the farmers within the spring field campaign is made in Kazakhstan; in particular, one of the most popular models is Belorus tractors produced at the Semipalatinskiy Auto Assembly Plant “SemAz”. In its turn, the mounted implements for the machinery are purchased both from USA and Russia, Belarus, Ukraine, Canada, Germany and other. It should be noted that for the purpose of supporting the agricultural producers starting 2013 KazAgroFinance had decreased the advance payment for purchasing of the agricultural machinery to 15% from 25%. Within the preparation for the spring field campaign of 2014 the advance payment with collateral will be 15 % of the value of subject of leasing as well.
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