The loan was approved! 7 applications approved by the members of the Credit Committee in the framework of the micro-credit program
At the Chamber of entrepreneurs were considered projects of entrepreneurs who have applied to take part in the new microfinance program. There were examined 7 applications from entrepreneurs of Aksu, Balkhash and Kerbulak districts. According to the decision of the Credit Committee, all applications were approved unanimously. NCE "Atameken" and Akimat of Almaty region provided funding in the amount of 600 million tenge for small businesses.
"Four projects on cultivation of sugar beet were approved, two for animal husbandry and one application for cultivation of barley worth a total of 34.3 million tenge. It should be noted that borrowers are representatives of farms and individual entrepreneurs", - said the director of the Chamber of Entrepreneurs of Almaty oblast Lazzat Chinkisbaeva.
Currently, the protocols of the adopted decisions were submitted to the Fund for Financial Support of Agriculture. After consideration the financial institution will enter into a loan agreement with a borrower and will take a collateral for the further transfer of cash. Also within the program of micro-funding the fund conducts economic and financial analysis, 62 applications are under consideration. If approved, the projects will be considered by members of the Credit Committee.
It should be noted, were reviewed and approved 20 applications totaling more than 75 million tenge in the first meeting of the committee. All these projects are aimed at development of the sugar beet industry in the region. The main feature of the program was that land plots, residential buildings and other real estate are considered as a collateral. The interest rate is 6% per annum, the annual effective interest rate is not more than 6.7%.
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