Transcript Слайд 1 - MIX Market

THE FUND FOR FINANCIAL
SUPPORT OF AGRICULTURE
JSC “ Fund for financial support of
agriculture” (the Fund)
• In 1998 y. the Government Fund for Financial
Support of Agriculture was reorganized into the Close
Joint Stock Company “Fund for Financial Support of
Agriculture” with 100% of the Government share in
its equity.
• Starting 2007 y. the Fund become the affiliated
company of the JSC “National Holding “KazAgro”
(Supported by the Ministry of Agriculture);
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JSC «National Holding «KazAgro»
• The multilevel system in providing the access
to financial services in agricultural sector:
• Prodkorporation and KazAgroFinance - Supporting
Large and Medium Businesses;
• Agro Credit Corporation - Supporting Medium
Business;
• Fund for Financial Support of Agriculture Supporting Small farmers and rural population
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The Mission of the Fund
• Is to implement the state policy on
providing access to financial and
insurance services in rural areas
through development of microcredit
and insurance systems in plants
growing.
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The Loan Portfolio of the Fund as for October 01,
2008 y.
Billion, KZT
4,80 KZT
0%
20%
40%
1,30 KZT
60%
80%
Direct lending
network of MCO
100%
The total Loan Portfolio of the Fund over 7 040,1 mln. Kazak
Tenge And Fund served over 46 562 clients
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Direct Lending
• Fund provides microcredits for rural
population on:
– Livestock (82% of loan portfolio)
– Crop cultivation (5% of loan portfolio)
– Other businesses (3% of loan portfolio)
• The amount by microcredits is 400 000 KZT for
2 years
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Program of supporting the
Microcredit Organizations
• Fund established 51 MCO together with
private investors.
• The Fund invested into the equity 560,1
million Kazak Tenge
• The total amount that Fund invested into the
program is 2 275,9 million Kazak Tenge
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Lending the Microcredit Organizations
• The share of the Fund in equity of MCO is 49%;
• The activity of MCO in rural areas;
• The purpose of the loans:
– Livestock,
– Crop cultivation,
– Entrepreneurship in the rural area
• Terms: 3 years;
• Interest rates : 7,5%
• Interest rates for the borrowers : 14,5%
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The number of MCO that have the
positive financial results
60
32
50
40
22
30
20
10
25
9
0
2007 г.
3 months of
2008 y.
6 months of
2008 y.
the end of 2008
y. (project)
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Consultative and educational
services for rural population
• Starting 2005 y. Fund with JSC
“KazAgroMarketing” provides
educational services.
37831
40000
35000
27279
30000
25000
20000
19412
14000
15000
10000
5000
0
2005 year
2006 year
2007 year
2008 year
(projects)
• The rural population have
following trainings “The basis of
microfinance”, “How to start its
business”, “Business planning”
The number of rural population
that visited trainings
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Crop insurance services
• The Fund is the Agent of realization the
Government policy of realization the
Mandatory Crop Insurance in rural areas
• The Fund reimburse 50% of total insurance
amount under the insurance events happened
with bad weather
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Fund for Financial Support of Agriculture
• The Certification of Quality Management System
under the standard RK ISO: 9001-2001
• The collaboration with PUM organization (The
Government of Netherlands) on getting the technical
assistance
• Got the credit rating β+ (the positive) by rating
company M-Cril (India)
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Rating Grades of the Fund (August 2008,
M’cril):
Category
Rating
grade
Governance & Strategic positioning
α-
Organization & management
α-
Financial performance
β
Overall
β+
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The Fund for Financial Support of
Agriculture
• Network of 14 branches that are located in
administrative centers of all oblasts
(provinces) of Kazakhstan.
• The staff of the Fund is 260 people, including
in Head Quarter - 56 people
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Contact information :
Republic of Kazakhstan
Astana city, Turan Avenue (Sary-Arka Avenue), 15/1
Tel.: +7 (7172) 678 243
Fax.: +7 (7172) 678 252
e-mail: [email protected]
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