OREANDA-NEWS. National Holding KazAgro JSC (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following information statement:

"...According to the Statistics Agency of the Republic of Kazakhstan, in the agriculture sector of the country there are more than 175 thousand peasant and
farm enterprises.

From the beginning of the year, National holding KazAgro allocated KZT91.6 bn or 93% of total loans for lending to small and medium-sized businesses in the agricultural sector of the country. This is 1.4 times higher than in the corresponding period of the last year (KZT63.9 bn).

Support for entrepreneurship in rural areas is carried out by various measures and funding programs, as well as through ongoing policy to improve access to financial resources for agribusinesses. As an example we may consider the work carried out by the Holding to strengthen the functioning credit partnerships. So, KazAgro subsidiary – Agrarian Credit Corporation has financed 171 credit  associations composed of more than 11 thousand agricultural
enterprises".