Small Businesses Receive Almost $ 168 Million US Under Save The Simple Things In Two-Year Loan Program

Small Businesses Receive Almost $ 168 Million US Under Save The Simple Things In Two-Year Loan Program

NUR-SULTAN – In 2019-2020, 1,476 agricultural producers received preferential loans worth 71.4 billion tenge (US $ 168 million) from the Agrarian Credit Corporation under the Economy concessional lending program of Simple Things.

the Economy of Simple Things Concessional Loan Program was implemented in 2019 as one of the government policies aimed to increase domestic production of consumer goods and to diversify the national economy by supporting small and medium-sized enterprises. Click this link for more information about loan programs

The Agrarian Credit Corporation implements the state policy on the formation of an affordable credit system that stimulates the development of competitive entrepreneurship in rural areas. The company is part of the Baiterek group of holding companies.

“The financing of SMEs in rural areas has a pronounced socio-economic effect. During the two years of the implementation of the Economics of Simple Things program, 1,600 new jobs were created for the villagers, ”said Ruslan Yeskendir, marketing and public relations manager of the Agrarian Credit Corporation.

Starting a small business in a village has become much easier for SME start-ups with state support in the form of concessional loans. An entrepreneur from Almaty Diar Makhpirov started a poultry processing production with a capacity of 60 tons per year on 50 acres of land, the Kazinform news agency reported.

The Farmersky Dvorik (Farm Yard) company grows ecologically pure poultry meat, without the use of growth hormones and antibiotics, based on the principle of organic poultry farming.

A modular farm consists of 16 containers, which are divided into blocks. In one block there are incubators, another contains poultry slaughterhouses and refrigerators, in the third there is feed production and a warehouse. There are also houses for the staff. A total of six employees work on the farm.

Makhpirov found that the demand for natural agricultural products was increasing in Kazakhstan.

In 2019, under the Economy of Simple Things program, Makhpirov acquired all the necessary equipment by approving a loan of over 20 million tenge ($ 47,000) with the help of the Agrarian Credit Corporation. This poultry farm format is very practical and mobile. The farm can easily be adapted to any situation, right up to moving to a new location.

According to Makhpirov, the Farmersky Dvorik (Farm yard) company has increasing demand, supermarkets in Almaty and Nur-Sultan are ready to sell their ecological products.

“In 2020, we opened our online store and implemented a home delivery system. The share of home orders is already close to 40 percent, ”Makhpirov said.

Natalie C. Parsons