Question 1

What is Credit Partnership Agrokredit Ordabasy LLP?

Accepted Answer

Credit Partnership Agrokredit Ordabasy LLP is a rural credit partnership operating in Kazakhstan's agricultural lending system. It is part of the network of credit partnerships established throughout Kazakhstan to provide accessible financial services to agricultural producers in rural areas.

As a credit partnership (also known as a credit society or credit union in Kazakhstan), it operates as a limited liability partnership that provides certain banking operations without requiring a full banking license from the National Bank of Kazakhstan. The institution serves agricultural producers and rural entrepreneurs in its local area.

Question 2

When was Credit Partnership Agrokredit Ordabasy LLP founded?

Accepted Answer

[Information not publicly available]

The specific founding date of Credit Partnership Agrokredit Ordabasy LLP is not publicly documented. However, the broader credit partnership system in Kazakhstan was established beginning in 2001 when the government launched a pilot project to create rural financial institutions.

Since 2001, over 200 credit partnerships have been established across Kazakhstan as part of the national agricultural development strategy led by Agrarian Credit Corporation JSC.

Question 3

Where is Credit Partnership Agrokredit Ordabasy LLP headquartered?

Accepted Answer

Credit Partnership Agrokredit Ordabasy LLP is headquartered in the Ordabasy District of Turkestan Region, Kazakhstan.

Ordabasy District, with its administrative center in the village of Temirlan, is located in the southern part of Kazakhstan. The district has a population of approximately 114,000 people and covers an area of 2,726 square kilometers.

The Turkestan Region (formerly South Kazakhstan Region) is one of the southernmost regions of Kazakhstan, bordering Uzbekistan.

Question 4

Where does Credit Partnership Agrokredit Ordabasy LLP operate?

Accepted Answer

Credit Partnership Agrokredit Ordabasy LLP operates within Ordabasy District in Turkestan Region.

The district is part of Kazakhstan's agricultural heartland, with significant crop production and livestock farming. Ordabasy District has approximately 21,000 hectares of sown area and produces various agricultural products including grains, vegetables, and livestock.

Credit partnerships in Kazakhstan are typically established in rural areas in close proximity to agricultural production sites, allowing them to serve local farmers and agricultural producers effectively.

Question 5

What services does Credit Partnership Agrokredit Ordabasy LLP offer?

Accepted Answer

Credit Partnership Agrokredit Ordabasy LLP provides financial services to agricultural producers and rural entrepreneurs, including:

Lending services - Providing loans to agricultural producers for crop production, livestock breeding, agricultural machinery acquisition, and working capital needs. These loans are typically offered at preferential rates, often not exceeding 10% per annum when utilizing government-subsidized funds.

Banking operations - Conducting certain banking operations permitted under Kazakhstan's Law on Credit Partnerships, including account management for partnership participants, transfer operations, and cash operations.

Collateral acceptance - Accepting agricultural property, machinery, and real estate in rural areas as collateral, which traditional banks often do not consider acceptable.

Credit partnerships serve as financial intermediaries, channeling funds from the Agrarian Credit Corporation and other sources to local agricultural producers.

Question 6

What makes Credit Partnership Agrokredit Ordabasy LLP unique?

Accepted Answer

Credit Partnership Agrokredit Ordabasy LLP is part of Kazakhstan's unique rural financial infrastructure designed specifically for agricultural development.

Proximity to agricultural producers - Located directly in rural areas where agricultural production occurs, the partnership provides convenient access to financial services for local farmers who might otherwise lack banking access.

Participatory governance - Agricultural producers who are participants (members) of the credit partnership carry out direct control and management through the general meeting of participants, creating a cooperative-style governance structure.

Specialized agricultural focus - Unlike traditional commercial banks, credit partnerships specialize exclusively in serving the agricultural sector, understanding the unique financial needs and seasonal cash flow patterns of farming operations.

Government support integration - The partnership operates within the national KazAgro system, providing access to preferential government lending programs and subsidies for agricultural development.

Question 7

What type of financial institution is Credit Partnership Agrokredit Ordabasy LLP?

Accepted Answer

Credit Partnership Agrokredit Ordabasy LLP is a credit partnership (кредиттік серіктестік), a specialized type of financial institution recognized under Kazakhstan law.

Credit partnerships are commercial organizations structured as limited liability partnerships (LLP) that conduct certain banking operations without requiring a full banking license from the National Bank of Kazakhstan. They are regulated by Kazakhstan's Law on Credit Partnerships.

This institution type is unique to Kazakhstan's rural financial system and was specifically created to address the financing needs of small and medium-sized agricultural producers. Credit partnerships function similarly to agricultural credit unions in other countries, but operate under Kazakhstan's specific legal framework for rural finance.

The partnership is part of the broader network of over 200 credit partnerships established throughout Kazakhstan since 2001, working in coordination with the state-owned Agrarian Credit Corporation JSC to implement agricultural lending programs.

Credit Partnership Agrokredit Ordabasy LLP

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About Credit Partnership Agrokredit Ordabasy LLP in Kazakhstan