Информация о гарантировании

Guarantee functions 

Since 2019, the activities of the Fund of Financial Support for Agriculture include the functions of guaranteeing the fulfillment of loan obligations under the Yenbek Program, as well as the implementation of the tasks of developing agricultural insurance under the AS Development State Program.

Within the framework of the Yenbek Program, 391 guarantees were issued for a total amount of KZT 1,239.9 mln. 

In addition, in 2020, the Fund has worked out the issue of guaranteeing loans to STBs for agricultural projects. As part of the new mechanism, the first guarantee for a bank loan for the implementation of the agricultural investment project in the amount of KZT 650 mln. was issued. 

Guarantee of loans/micro-loans within the framework of the Yenbek State Program for the Development of Productive Employment and Mass Entrepreneurship for 2017-2021

On July 31, 2019, the Sole Shareholder of Fund of Financial Support for Agriculture JSC (hereinafter - the Fund) - the Management Board of KazAgro National Management Holding JSC decided to reorganize KazAgroGarant JSC by merging it with the Company from September 1, 2019. Thus, since this day, the Fund carries out activities to guarantee the Yenbek State Program for the Development of Productive Employment and Mass Entrepreneurship for 2017-2021 (hereinafter – the Program).

In accordance with the Program, the Fund provides guarantees for loans/micro-loans issued by micro-finance organizations and credit partnerships in rural areas and small towns.

Entrepreneurs receive loans/micro-loans through MFO/CP in the framework of programs funded from the national budget, by the National Fund of the Republic of Kazakhstan, the Unified Accumulative Pension Fund, regional Akimats and Agrarian Credit Corporation JSC, are allowed to participate in the guarantees.

The nominal interest rate on loans/micro-loans of MFO/CP, which are guaranteed, may not be higher than the base interest rate established by the National Bank of the Republic of Kazakhstan and increased by 6 (six) percentage points on the date of the MFO/CP's decision on the Participant's project.

The maximum loan/micro-loan amount to be guaranteed is 8,000 MCI, which is KZT 23,336,000 for 2021.

The guarantee amount for a aspiring entrepreneur/aspiring young entrepreneur (an aspiring entrepreneur is an entrepreneur whose registration period does not exceed 3 years at the date of request/an aspiring young entrepreneur is an aspiring entrepreneur under the age of 29) can not be higher than 85 % of the loan/micro-loan amount, and for members of low-income and/or large families can not be higher than 95% of the loan/micro-loan amount. The remaining unsecured % of the loan/micro-loan amount is provided by the collateral of the Participant and/or third parties.

For an operating entrepreneur and a member of an anchor cooperation, the period of state registration of which, in accordance with the tax legislation of the Republic of Kazakhstan, is more than three years at the time of applying to MFO/CP for a loan/micro-loan, the guarantee amount can not be higher than 50% of the loan/micro-loan amount.

The guarantee is provided to guarantees free of charge.

The local executive authority pays a commission for guaranteeing loans/micro-loans in the amount of 30% of the guarantee amount at the expense and within the limits of the funds provided in the local budget for the corresponding financial year.

Guarantee mechanism

There are two options for applying for a guarantee:

1. Applying for a guarantee after the MFO/CP's approval.

2. Applying by the Program participants to the guarantor for a guarantee, followed by applying to MFO/CP for a loan/micro-loan.

The total term of consideration of the guarantee request does not exceed 14 working days.

The guarantee is implemented by entering into a trilateral guarantee agreement between the lender, the borrower and the guarantor.

2017-2020 Results

In 2017-2020, 1,533 guarantee contracts were concluded for a total amount of KZT 4,907 mln., including:

Guarantee of loans of AS entities financed by second-tier banks

To promote bank agricultural lending, a new STB loan guarantee instrument was introduced on the basis of Fund of Financial Support for Agriculture JSC, which will allow to share the credit risks of banks and increase the attractiveness of the industry financing. This mechanism was built taking into account the experience of guaranteeing loans of DAMU EDF JSC.

Participants of the guarantee system can be agricultural producers who are implementing or planning to implement investment projects through lending by second-tier banks – private business entities (JSC, LLP, peasant and subsistence farms, etc.)

The following loans issued by banks are subject to guarantee:

- for investment purposes, including the purchase of fixed assets, construction, purchase of farm animals, machinery and technological equipment;

- working capital financing (including on a revolving basis), while the amount of working capital should not exceed 50 (fifty) % of the project amount. It is allowed to guarantee a loan 100 (one hundred) % of which is aimed at working capital financing, if the amount of this loan does not exceed 50 (fifty) % of the total amount credited to the project under which the guarantee is requested.

The nominal interest rate on bank loans under guarantee - no more than 17 (seventeen) %.

The loan amount to be guaranteed per borrower:

- no more than KZT 180,000,000 (one hundred and eighty million) for aspiring entrepreneurs, except for cases of providing a guarantee to the parent company and/or affiliated companies with an active business, for the borrower's obligations to the bank, ffor which the terms and conditions apply as for operating entrepreneurs;

- no more than KZT 5,000,000,000 (five billion) for operating entrepreneurs.

The term of the loan to be guaranteed -no more than 10 (ten) years.

Loan currency - KZT.

The guarantee amount within the framework of one entrepreneur's project is up to 50 (fifty) % of the loan amount, but not more than KZT 1,500,000,000 (one billion five hundred million).

At the same time, the difference in the collateral for the loan (collateral value) is covered by the collateral of the entrepreneur and/or third parties.

The guarantee amount for priority investment projects before the project commissioning is up to 85 (eighty-five) % of the loan amount, but not more than KZT 2,550,000,000 (two billion five hundred and fifty million). After the project commissioned, the guarantee amount is reduced to 50%, but not more than KZT 1,500,000,000 (one billion five hundred million).

For priority investment projects, the project commissioning is considered to be the registration with the authorized body of the act of commissioning of buildings and structures under the project and/or the registration with the authorized body of equipment and/or the signing the act of acceptance and transfer of equipment and/or biological assets, the value of which is not less than 50 (fifty)% from the project cost under which the guarantee is requested.

At the same time, the difference in the collateral for the loan (collateral value) is covered by the collateral of the entrepreneur and/or third parties.

The guarantee is provided for a period not exceeding the loan term.

The loan on which the guarantee contract is concluded is made in the form of an independent credit agreement with an indication of the collateral, including in the form of a guarantee.

The amount of the guarantee fees is 30 (thirty) % of the guarantee amount, including:

- 29.9 (twenty-nine point nine) % is paid by the LEA for Agriculture, and at the expense and within the limits of the funds provided in the budget for the corresponding financial year;

- 0.1 (zero point one-tenth) % is paid by the entrepreneur before the conclusion of the guarantee agreement.

The Fund accepts guarantee requests within the amounts provided for in the regional budget, the budget of cities of national significance, the capital for the corresponding financial year. If there are no funds available, the Company refuses to accept the request.

The guarantee is provided on the terms of partial joint and several liability within the amount of the principal debt on the loan.