JSC KazAgroFinance plans to invest in agro-industrial complex of Kazakhstan KZT54.9 billion in 2010

/IRBIS, 04/27/1910/ - JSC KazAgroFinance " plans to invest in agro-industrial complex of Kazakhstan about KZT54.9 billion in 2010, including funds from the National Fund of KZT35 billion, stated by the press service of the company. As indicated, the funds will be used to finance the purchase of agricultural and special machinery, processing equipment, as well as for investment projects in the agro industrial complex of Kazakhstan. As part of the implementation of investment projects in the agricultural sector in Kazakhstan JSC KazAgroFinance, for today 70 received applications totaling over KZT86 billion. In this case, the direction of large dairy farms approved by the three applications received from farms Aktobe, Kyzylodinskoy and Kostanai regions. In addition, approved six applications for the construction of poultry meat, as well as two applications for the management of assembly manufacture of agricultural machinery in the EBA and Akmola region. For the construction of vegetable stores approved five projects greenhouses - four projects and one project for the introduction of drip irrigation systems. Of those already funded 13 projects amounting to KZT11.8 billion. Total approved 21 projects totaling KZT22.6 billion. Pending at the moment there are 24 projects valued at KZT30.7 billion. As indicated in March 2010 in SA KazAgroFinance "are new, greatly simplified the rules for examining applications for funding of investment projects in rural areas. For the convenience of potential borrowers the company introduced the procedure of preliminary examination of applications directly in the regions, while reducing the list of required documents. It is reported that at the first stage of a preliminary analysis of the regional branches and offices of companies that are checking for compliance with an incoming request the necessary requirements. This potential borrower needs to provide significantly reduced (nine items) the list of required documents. Among them are mandatory proof of co-financing by the borrower, availability of adequate collateral and the absence of negative credit history. The new rules will allow farmers at an early stage to identify and address the shortcomings of your project, as well as save time and money by getting rid of the collection of unnecessary at this stage of documents. The second stage involves the selection of a final analysis of the project, which is held at the headquarters of the company and requires a full package of necessary documentation. [2010-04-27]