N.Nazarbayev got familiarized with development of Ontustik-Finance microcredit organization

SHYMKENT. March 10. KAZINFORM /Tatyana Pylayeva/ President Nursultan Nazarbayev has got acquainted with development of Ontustik-Finance microcredit organization in South Kazakhstan region.
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As head of the organization Kairat Aibossynov said, in 2010 it financed 109 projects to the amount of KZT 376.1 mln. Its founder is the Ontustik Finance Company, hence priority projects for financing are those which reflect tasks of the "Ontustik" Regional Agrocomplex" investment program. "The projects are focused on financing of manufacturers of agricultural commodities united in service and procurement centers," A.Aibossynov said.

Production and processing of livestock products; purchase of livestock, feed, veterinary preparations; purchase of seeds, fertilizers, plant-protecting agents; financing of wholesale and retail markets of agricultural commodities are among priority directions. Thanks to support of the microcredit organization, in 2010 the rural residents manufactured 3,586 tons of fruits and vegetables and 296 tons of meat products, 3,161 tons of grain crops were grown.

The Head of State, in his turn, reminded that the microcredit system development is one of the elements of the new employment strategy set in the Message to the Nation. "This year the Government was urged to additionally provide KZT 3 bln for these purposes and to increase financing up to KZT 10-15 bln annually from 2012 to 2015," N.Nazarbayev said.

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