ACC reported on innovations in its work

Chairman of the Board of Agrarian Credit Corporation A. Ashirbekov in an interview with "Kazakhstanskaya Pravda" told about innovations in the activities of the financial institution.

The company pays much attention to optimization and automation of internal processes, reduction of operations that may distract clients from their core business.

In September we launched a platform to review online applications for microcredit. A farmer, from his/her home, can send an application for a loan of up to 6 million tenge to develop livestock or crop farming. The platform allows to get a pre-approval of the loan within 10 minutes.

An important innovation was integration with the Kaspi.kz platform, through which the client can make a loan repayment installments without any fees.

The opportunity to send funds to borrowers' accounts in the format of a consolidated payment through the "IS Treasury Client" was recently introduced. This reduced the time of receipt of credit funds to the borrower's account from three days to one day.

All clients of the company receive SMS-notifications about upcoming payments, which undoubtedly has a positive impact on the payment discipline of borrowers.

We have made changes in collateral policy which simplified collateral requirements for microloans up to 6 mln tenge, for small and medium-sized business loans - up to 100 mln tenge.

Let's move on to the results of the year. How many projects and to what extent (in monetary terms) were supported by JSC "Agrarian Credit Corporation" in 2022?

- This year around 15 thousand farmers have received concessional loans through the corporation amounting to more than 350 billion tenge, through "KazAgroFinance" there were 6.7 thousand leased equipment worth 170.6 billion tenge.

To date we cover about a third of the 255 thousand operating rural agrarian producers. In the loan portfolio of the corporation and "KazAgroFinance" - about 86.5 thousand borrowers, the volume of the portfolio is 1 trillion 328 billion tenge.

Our main task is to provide farmers with affordable credit resources. Accordingly, all our work is aimed at improving the quality of customer service. 

"Kazakhstanskaya Pravda".

The preferential programs of JSC "Agrarian credit corporation" cover about a third of 255 thousand operating agricultural producers. About what credits modern farmers of Kazakhstan take and how it is possible to become the participant of programs of financial support. It should be noted that the total amount of funding for agriculture in the first 11 months of 2022 was about 720 billion tenge. The share of "Agrarian Credit Corporation" including "KazAgroFinance" is 65%, financing of second-tier banks - 27%, Development Bank of Kazakhstan - 8%.

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