The KazAgroFinance company,   as part of lending for sowing crops, this year entered into financial leasing agreements for 33.5 billion tenge. This was reported by the company's press service.

“During the first half of this year, KazAgroFinance JSC received applications totaling more than 95.6 billion tenge. To finance spring field work, financial leasing agreements were concluded for a total amount of 33.5 billion tenge for the purchase of 2,080 units of agricultural equipment,” the company informed.

In particular, KAF financed the purchase of 1060 tractors, 220 seeders, 86 sowing complexes and 714 units of small equipment.

According to the press service, in 2019, KazAgroFinance JSC financed 5.9 thousand units of equipment worth 98.5 billion tenge, while the increase compared to 2018 for the main types of equipment was 72% in quantity and 56% in in monetary terms.

Based on the analysis of data from the Ministry of Agriculture, the share of main types of equipment (harvesters, tractors, seeding systems) leased to KAF is 49% of the total volume of purchased equipment in quantitative terms (in total, 12 thousand units of equipment were purchased in 2019).