The Agrarian Credit Corporation of the Republic of Kazakhstan has launched an accelerated lending procedure

Published 2025년 3월 17일

Tridge summary

The Agricultural Credit Corporation (ACC) of Kazakhstan has initiated the Smart 10 pilot project to provide accelerated financing of up to 20 million tenge to small businesses within a 10-day timeframe, a significant reduction from the previous 30 days. This innovative financial product, aimed at enhancing efficiency and accessibility, has been introduced in three regions: Zhambyl, West Kazakhstan, and Akmola. The feedback from this pilot will be used to fine-tune the product for a full-scale launch across the country. The project has already benefited a farmer from the West Kazakhstan region, who used his loan to purchase a tractor.

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Original content

Farmers of West Kazakhstan region were the first to receive financing under the SMART 10 pilot program The Agricultural Credit Corporation (ACC) has launched the Smart 10 project for accelerated financing in pilot mode, the ACC press service reported. According to the information, this is the first smart product that implies that financing will be accelerated, within 10 calendar days, whereas previously these processes from the moment of filing an application to making a decision took 30 calendar days. “The project is aimed at representatives of micro and small businesses, since an analysis of the Corporation’s loan portfolio for 2022-2023 showed that about 81% of the financed projects relate to applications from small businesses in the amount of up to 20 million tenge,” the ACC reported. It is noted that the accelerated lending project has so far been piloted in three regions: in Zhambyl, West Kazakhstan and Akmola regions. As noted by the Chairman of the Board of JSC ...

Source: Agrosektor