AG POST PRIV ASSIST (APL #2) operates in Kazakhstan.
The objective of the Second Agricultural Post-Privatization Project for Kazakhstan is to enhance the access to commercial financial services by farmers or small and medium size rural enterprises. The project has five components: (i) rural financial advisory services, (ii) agricultural risk management, (iii) rural outreach by the mainstream financial institutions, (iv) rural micro finance development, and (v) project management. The project underwent a third order restructuring in January 2009 to reflect the following changes: (a) introduction of an advance disbursement mechanism for the participating financial intermediaries; (b) provision of working capital financing among the financial products offered under the credit line; and (c) increase in the sub-loan size under the credit line from US$100,000 to US$1 million. These changes to the implementation modalities have resulted in faster processing of the credit facility funds and enhanced capability to finance the agricultural production cycle.
