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“KazAgro” to improve small businesses and cooperatives financing in rural areas

by October 17, 2016 Legal

According to Deputy Chairman of the Board of JSC “National Holding” KazAgro “Aigul Mukhamadiyeva, work on the financing of projects to create the network of milk reception and support of family dairy farms, to establish family feedlots and to launch agricultural cooperatives and financing LPH on horticulture on the basis of their agricultural cooperatives is underway.

“”KazAgro “started to work on project financing at the expense of the funds received for microcredit within the” Employment Roadmap 2020″ program, and own resources. Now, using national budget funds, the holding company plans to finance an additional 10.5 billion tenge,” A. Mukhamadiyeva said.

According to her, the financing of projects will be carried out at a reduced rate – no more than 6% per annum and will create more than 9 thousand jobs. In addition, it will bring out the informal circulation for the production of meat, milk, fruits and vegetables at least 192 thousand of private farms, increase the utilization of existing production capacities of milk factory and meat processing plants, will raise tax payments.

In addition, currently the holding consideres 43 projects on the export of agricultural products. The company continues accepting applications.

Source: The Prime Minister of Kazakhstan