Loans for farmers

- Almaty Region

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90 applications were approved under the program of micro-loans

NCE "Atameken" and Akimat of Almaty region allocated 600 million tenge for small businesses. JSC "Fund for Financial Support of Agriculture" (FFSA) is the operator of the program in the region. According to the Chairman of the Credit Committee Rima Salykova currently were approved 90 applications for a total amount of 308.5 million tenge.

"112 applications for the amount of 533 200 thousand tenge were submitted to the fund. At the last meeting we reviewed 57 projects, now our members are waiting for new orders. Entrepreneurs of Aksu, Eskeldinskogo, Kerbulak areas are among the first participants of the program, who received loans. Soon the applications of entrepreneurs from other regions will be approved ", - summed up R. Salykova.

The priority of the Committee – is sugar beet industry. Thus, micro-credit program is intended to provide the sugar factories with raw materials and increase the share of domestic products.

An entrepreneur Aben Tayzhanov said that the timely receipt of funds during the field works, which saved the farm.

"The Micro-loan program has become a good support for us this year, because we got the needed money to buy seeds, fertilizer, money for the salary of the workers. Entrepreneurs expressed a desire to continue the program. Lots of people were waiting for micro-loans for many years, because entrepreneurs were not satisfied with the conditions of the second-tier banks ", - added the head of the farm "Telman".

It should be noted, the main feature of the micro-loan program is that land, residential buildings and other real estate is considered as a collateral. The interest rate is 6% per annum, the annual effective interest rate - not more than 6.7%.