KazAgroFinance to issue loans to farmers for equipment purchases
KazAgroFinance Kazakh state company has started to accept applications from farmers for the purchase of agricultural machinery for spring field work in 2016, the company reported on February 8.
The overall financing rate amounts to 14 percent without the need for additional security, the grace period is one year.
In addition, in the near future it is expected to launch the next phase of interest rate’s financing within the framework of the “Agrobusiness-2020” Program for development of agro-industrial complex for 2013-2020.
In 2015, KazAgroFinance financed the purchase of 1,382 units of equipment worth more than 11.5 billion tenges (the rate for February 8 is 363.72 tenge/$1) within the framework of preparation for the spring field work.
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