JSC "KazAgroFinance" canceled the accrual of interest on leasing for a year and a half to its borrowers affected by the flood

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KazAgroFinance JSC canceled the accrual of interest on leasing for a year and a half to its borrowers affected by the flood

In connection with the flood that occurred on May 1, 2020, a local man-made emergency was declared in the Maktaaral district of the Turkestan region. The Government of the Republic of Kazakhstan, central and local government agencies, national companies and public organizations are providing all possible assistance to residents affected by the flood.

KazAgroFinance JSC of KazAgro Holding, as part of the execution of the instructions of the Prime Minister of the Republic of Kazakhstan A.U. Mamin, given following a working trip to the Turkestan region, has developed a set of support measures for farmers in the region who suffered as a result of the emergency situation.

Thus, for borrowers of KazAgroFinance JSC who suffered damage due to floods, the accrual of interest was canceled for a period of one and a half years, and a deferment was provided for the payment of the principal debt for the same period.

In addition, for the specified period they will not be charged a penalty for late payments.

These conditions apply to existing borrowers of KazAgroFinance JSC who suffered as a result of an emergency situation caused by flooding in the Maktaaral district of the Turkestan region.

Press service of KazAgroFinance JSC

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