Fund - is a specialized financial and credit institution, a member of the group of companies of “National Holding “KazAgro” JSC, focused on providing and expanding access to financial services for rural populations through the development of microcredit.

The Fund carries out its activities through its branch and representative network – there are 14 structural units, which are located in the cities of regional importance over Kazakhstan.

The staff of the Fund - is a young highly qualified personnel with experience in government and financial institutions, as well as knowing the characteristics of the agricultural sector of the economy.

The Fund is designed to achieve their goals, and is convinced that by supporting the village, we are strengthening the future!

Chronology of the main events of the fund

1994:

  • State Agricultural Sector Financial Support Fund was established under the resolution of the Cabinet of Ministers of the Republic of Kazakhstan

1998:

  • Reorganizing the State Fund for financial support of agriculture into “Fund for financial support of agriculture” CJSC.

2004:

  • “Fund for Financial Support of Agriculture” JSC implemented the 2004-2010 State Program of Rural Areas Development in the Republic of Kazakhstan

2005:

  • “Fund for Financial Support of Agriculture” JSC implemented the Program Institutional of Agricultural Sector Development: Organizing Rural Population Microcrediting System.

2007:

  • JSC “Fund for Financial Support of Agriculture” became a subsidiary of JSC KazAgro National Managing Holding Company, the latter’s activities are aimed at advancing the agricultural sector development and increasing its competitiveness in the domestic and external markets.
  • Fund established 51 microcredit organizations in rural regions of the republic.
  • Cooperation with Microfinance Centre (MFC, Warsaw) was set up to conduct training for the Fund’s employees on microcrediting issues
  • The Fund was Issued a certificate of Microfinance Information eXchange, Inc. (MIX Market) awarding to it “4 diamond” of possible five. The certificate confirms that the Fund’s operation is transparent, is marked by good quality, and all relevant information provided is trustworthy.

2008:

  • The Fund was awarded the «β +» (positive) credit rating by international rating company M-CRIL (India).
  • Cooperation with the PUM (Netherlands Government) in the field to providing advice and methodological support.
  • Two agreements are signed with the United Nations Development Program on implementing microcrediting programs.
  • The RK ISO-9001-2001 certificate was issued to the company
  • The Fund became a member of the Board of Directors of the Association of Microfinance Organizations of Kazakhstan

2009:

  • tripartite Memorandum of Understanding was signed between the Islamic Development Bank, JSC “Fund for Financial Support of Agriculture "and"KazAgroFinance "on further cooperation
  • memorandum of partnership was signed between the Foundation and the Microfinance Centre (MFC, Warsaw) for the establishment of technical support to microcredit organizations
  • •The Fund concluded agreements with the local authorities of 12 regions, totaling 1.45 bln for lending to small businesses in rural areas.
  • •The quality management system was embedded in the 7 (seven) branches and offices of the Fund
  • •The Fund resigned from the board of directors AMFOK, but it remained a member of the association.
  • The Fund was issued a certificate Microfinance Information eXchange, Inc. (MIX Market) awarding to it "5 Diamonds" of possible five. The certificate confirms that the Fund's operation transparent, is marked by good quality, and all relevant information provided is trustworthy.

2010:

  • The Fund passed the procedure of assigning social rating by international rating agency Microfinanza rating. According to the results of the Fund is rated "BB + ", which confirms the Fund's ability to effectively move the mission to practice and develop social values, indicates a high probability of achieving social goals.
  • The quality management system is embedded in the remaining seven (7) branches and offices of the Fund's standard ST RK ISO -9001:2009
  • An agreement is signed with the Committee for Forestry and Hunting of the RK on the implementation of microcredit programs "Tabigi orta" under the UNDP project for the integrated conservation of biodiversity.
  • The Fund concludes agreements with local agencies 4 areas totaling 400.0 million tenge, for lending to small businesses in rural areas
  • In conjunction with a foreign partner Microfinance Center (MFC, Poland) was established a Center for assistance of microcredit organizations. Center aims to develop the microfinance sector through institutional strengthening of the MCO in Kazakhstan by implementing innovative approaches and the provision of quality specialized consulting services on a permanent basis.

2011:

  • The Fund has successfully passed the certification audit of Quality Management System to receive an international certificate of quality, which complies with international quality ISO 9001:2008. Certification body was an international company TÜV International RUS.
  • In the framework of the World Islamic Economic Forum as a result of reached agreements between Fund and the Islamic Development Bank was signed the Treaty on the granting of the Loan and Technical Assistance (Grant). According to the signed loan agreement IDB provides to the Fund 10 million USD for the implementing the Program of microfinancing the rural population of Kazakhstan for up to 10 years. It is expected that the commissions on the loan amount will not be more than 2% per annum.
  • In 2011, the Fund launched a program "Sybaga" for lending to agriculture for the purchase of breeding stock of cattle and bulls for breeding young meat breed. Overall in 2011 under the program funded 725 projects on amount 4 351.8 million tenge.
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