Question 1

What is AST AGROCREDIT?

Accepted Answer

AST AGROCREDIT is a credit cooperative (credit partnership) operating in Kazakhstan, specializing in agricultural financing. Operating under the legal entity name "Kreditnoe tovarishchestvo AST AGROCREDIT LLP" (Credit Partnership AST AGROCREDIT LLP), the organization focuses on providing financial services to agricultural producers and rural communities. The cooperative operates within Kazakhstan's specialized agricultural finance sector, which supports the country's agro-industrial complex development.

Question 2

When was AST AGROCREDIT founded?

Accepted Answer

AST AGROCREDIT was established as part of Kazakhstan's broader initiative to develop agricultural credit cooperatives. Since 2001, Kazakhstan has established 202 credit partnerships across the country, involving approximately 20,000 agricultural producers. Over a 17-year period through 2018, these partnerships granted more than 40,000 loans totaling 288 billion tenge. [The specific founding date of AST AGROCREDIT is not publicly available, though the organization received its current license (№ 01.24.0001.К) on February 20, 2024.]

Question 3

Where is AST AGROCREDIT headquartered?

Accepted Answer

AST AGROCREDIT is headquartered in Astana (formerly Nur-Sultan), Kazakhstan, located at Prospect Mağjan Jumabayev 18, Almaty District. The organization's registered address reflects its positioning to serve agricultural communities in Kazakhstan's northern and central regions. The organization is led by Erkabulan Bolatovich Kabdulsharipov.

Question 4

Where does AST AGROCREDIT operate?

Accepted Answer

AST AGROCREDIT operates in Kazakhstan with a focus on serving agricultural producers and rural communities. As a credit cooperative, the organization's operational territory encompasses regions where its members are located. Kazakhstan's credit partnership system is designed to provide localized financial services to farmers, livestock producers, and agribusiness operators throughout the country's agricultural zones.

Question 5

What services does AST AGROCREDIT offer?

Accepted Answer

AST AGROCREDIT provides financial services tailored to the agricultural sector, including:

Agricultural Credit: Loans specifically designed for farmers and agricultural producers to finance crop production, livestock operations, and farming equipment.

Seasonal Financing: Credit products aligned with agricultural cycles, including spring fieldwork financing and harvest season funding.

Rural Lending: Financial services accessible to members of the credit cooperative, typically with terms favorable to agricultural business models.

Cooperative Membership Services: As a credit partnership, the organization serves its member-owners, who are typically agricultural producers participating in the cooperative structure.

The organization operates under license № 01.24.0001.К issued by the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market (АРРФР), enabling it to legally provide credit services. Customers can contact the organization at ast@omnimail.org.

Question 6

What makes AST AGROCREDIT unique?

Accepted Answer

AST AGROCREDIT operates as a credit cooperative (credit partnership), a distinctive institutional form in Kazakhstan's financial system designed specifically for agricultural finance. Unlike commercial banks or microfinance organizations, credit cooperatives are member-owned institutions where borrowers are also stakeholders in the organization.

This cooperative structure allows AST AGROCREDIT to offer terms specifically tailored to agricultural business cycles and the unique cash flow patterns of farming operations. The organization understands the seasonal nature of agricultural income and structures repayment schedules accordingly.

AST AGROCREDIT operates within Kazakhstan's broader agricultural support ecosystem, which includes large institutions like Agrarian Credit Corporation JSC and KazAgroFinance JSC. While these larger entities handle substantial agricultural lending programs, credit cooperatives like AST AGROCREDIT provide localized, member-focused services at the community level.

The organization benefits from Kazakhstan's government support for agricultural development, which includes preferential taxation, subsidies, and programs designed to ensure farmers have access to affordable financing for spring fieldwork, harvesting, and equipment purchases.

Question 7

What type of financial institution is AST AGROCREDIT?

Accepted Answer

AST AGROCREDIT is a Credit Cooperative (Credit Partnership), known in Kazakhstan as "Kreditnoe tovarishchestvo." This institutional form is specifically designed for the agricultural sector in Kazakhstan and represents a member-owned financial cooperative.

Credit cooperatives differ from both commercial banks and microfinance organizations in their structure and purpose. They are member-owned institutions where borrowers are also stakeholders, creating aligned interests between the organization and its clients. These institutions are particularly common in agricultural finance worldwide because they can structure lending terms around farming cycles and rural economic realities.

In Kazakhstan, credit cooperatives are regulated by АРРFР and operate under specific licensing requirements (AST AGROCREDIT holds license № 01.24.0001.К). The credit cooperative model has been actively promoted by Kazakhstan's government as part of agricultural development policy, with BIN 231040037800.

AST AGROCREDIT

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About AST AGROCREDIT in Kazakhstan