KazAgroFinance

What KazAgroFinance does

KazAgroFinance JSC is a state-owned financial leasing company headquartered in Astana, Kazakhstan, established in 1999/2000 and operating as a subsidiary of the National Managing Holding Baiterek. The company specializes in leasing agricultural machinery, equipment, and technological assets to agricultural producers across all oblasts of Kazakhstan, offering five core programs (Preferential Leasing at 5%, Made in Kazakhstan, Preferential Leasing at 6%, Own Feed, and Agroleasing) with rates between 5% and 12.6% per annum and terms up to 10 years. Its portfolio spans 19,696 active clients and 103,856 cumulatively financed equipment units, with aggregate investment of approximately 2,111.4 billion tenge (~$4.6 billion) over 26 years of operation. As Kazakhstan's designated financial operator for state agricultural support programs, KazAgroFinance channels government subsidies (interest rate and investment subsidies) and is the principal mechanism through which preferential state-backed agricultural leasing reaches Kazakhstani farmers.

The company's distribution model combines a nationwide network of 14 branches with an online leasing platform (online.kaf.kz) that integrates with Kazakhstan's government databases and uses AI-driven scoring to issue automated credit decisions in approximately 10 minutes for single-participant farms. The platform was rolled out regionally in 2025 (Kyzylorda, Karaganda) and is supported by a Call Center (1408/1429), the Chairman's public Q&A blog, and a 2025 partnership with the Chamber of Entrepreneurs Atameken that places guides in remote districts to assist farmers with limited internet access. GTM also includes Open Days, agricultural exhibitions (JANA DALA/GREEN DAY), and specialized channels such as Express Leasing and Master-Leasing for large projects.

The revenue model is structured as multi-year leasing on a subscription-like recurring basis: clients pay principal and remuneration on quarterly or annual schedules over terms of up to 10 years, with some programs subsidized by the state. Funding is raised through repeated bond programs (a fifth 300 billion tenge bond program was launched in 2025, structured as six 50 billion tenge tranches) and from state allocations, with the company planning to deploy 310 billion tenge in 2026 versus 200 billion tenge in 2025. Additional revenue mechanisms include government subsidy administration, a Leasing Calculator tool, supplier database services, and auction sales of repossessed equipment. The company is positioning to broaden its funding base with a 20 billion tenge Islamic investment program announced in 2025 and to expand product scope into water-saving irrigation systems through a partnership with LINDSAY Corporation.

Name

KazAgroFinance

Legal name

"ҚазАгроҚаржы" АҚ

Website

https://kaf.kz

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

251–500 employees

Short description

KazAgroFinance is a state-owned Kazakhstani leasing company, operating as a subsidiary of Baiterek Holding, that finances agricultural machinery and equipment for farmers nationwide through preferential state-backed leasing programs delivered via 14 regional branches and an AI-powered online platform.

Ownership category

akta.pro rank

Product category

Agricultural Equipment Leasing

NAICS

Commercial and Industrial Machinery and Equipment Rental and Leasing (5324)

SIC

Finance Lessors (6172)

akta.pro industry

PRIMARYFSABABAH

SME Equipment & Asset Finance (Leasing, Fleet, Capex)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Commercial Banking (SME & Middle Market)

Keywords

• Agricultural machinery leasing
• Farm equipment financing
• Government-subsidized leasing
• Rural financial services
• Agro-industrial complex support

Headquarters

HQ city

Astana

HQ country

Kazakhstan

HQ region

Asia

Offices17 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Agricultural Machinery and Equipment Leasing: KazAgroFinance generates revenue primarily through providing financial leasing services for agricultural machinery, equipment, and technological assets to agro-industrial complex (AIC) entities across Kazakhstan. Leasing terms range from 5% to 12.6% annual remuneration rates, with terms extending up to 10 years. Revenue is generated through lease payments comprising principal repayment and interest/remuneration, with some programs subsidized by the government.
2. Government Subsidy Administration: KazAgroFinance acts as a financial operator for implementing state programs for agricultural complex support, channeling government subsidy programs including investment subsidies and interest rate subsidies to agricultural producers who acquire equipment through its leasing platform.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

KazAgroFinance JSC provides financial leasing of agricultural machinery, equipment, and technological assets to Kazakhstan's agro-industrial complex entities. Operating as the designated financial operator for state agricultural support programs, it offers preferential leasing at 5-12.6% annual rates with terms up to 10 years, alongside government investment and interest rate subsidies. The company reaches farmers through 14 regional branches and an AI-powered online application platform integrated with government databases.

Product overview

KazAgroFinance JSC operates as a financial leasing company providing agricultural machinery and equipment to Kazakhstani farmers. The company offers a multi-product portfolio centered around preferential leasing programs (5% and 6% rates), the 'Made in Kazakhstan' domestic production program, 'Own Feed' agricultural program, and standard Agroleasing. Additional services include a Leasing Calculator for payment estimation, government subsidies processing, supplier database access, and realizable property sales. The company maintains 19 regional branches and an online digital platform for leasing applications. The product architecture combines core preferential leasing products with specialized services (Express Leasing, Master-Leasing), government support modules, and ESG/sustainability initiatives.

Differentiator

Problem solved

Functional benefit

Products and services

• Preferential Leasing 5%
• Made in Kazakhstan
• Preferential Leasing 6%
• Own Feed (Свои корма)
• Agroleasing
• Express Leasing
• Master-Leasing
• Realizable Property (Used Machinery and Equipment)

Quantifiable outcome

• Farmers acquired more than 10,000 units of agricultural machinery through leasing in 2025, marking a record volume.
• +3 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability4 records

Feature2 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Chamber of Entrepreneurs Atameken (Regional Branches)coreGTM or Marketing Partner · 18 August 2025KazAgroFinance signed cooperation memoranda with regional branches of the Chamber of Entrepreneurs Atameken across multiple regions including Kyzylorda, Pavlodar, Aktobe, and others. Under these agreements, Chamber consultants serve as guides for farmers, helping them fill out online leasing applications and providing support at every stage. Chamber branches operate in all districts, enabling KazAgroFinance to reach farmers even in remote areas with weak internet access.
• Kazakh Export (Казах экспорт)minorChannel Partner/ Reseller/ DistributorListed as a partner institution. Kazakh Export is the national export credit agency supporting Kazakhstani exporters.
• BelAgro (Белагро)minorChannel Partner/ Reseller/ DistributorMentioned as a domestic supplier of agricultural equipment selected by a client after another supplier failed to pass KazAgroFinance's service center requirements.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Rabobank: Dutch cooperative bank and one of the largest global agricultural lenders with significant food and agribusiness financing franchises. Comparable as a leading agricultural finance institution, though operates as a commercial bank with broader scope than KazAgroFinance's narrow equipment leasing focus.
• BNP Paribas Leasing Solutions: European equipment leasing subsidiary of BNP Paribas with multi-asset class coverage including agricultural and farming equipment. Comparable as a large-scale equipment lessor, though operates as part of a broad commercial banking group rather than state-mandated ag-only mandate.
• CNH Industrial Capital: Captive financial services arm of CNH Industrial (Case IH, New Holland, Steyr) providing retail leases and loans for agricultural and construction equipment. Comparable as a manufacturer-affiliated equipment finance business serving farmers.
• John Deere Financial: Captive financing arm of Deere & Company offering leases and loans for agricultural equipment purchases globally. Comparable as a dominant agricultural equipment financier, though narrower in product scope and commercially focused without KazAgroFinance's state-mandate role.

Direct peers

• DLL: Global vendor finance company (formerly De Lage Landen) with a dedicated agricultural equipment financing business serving dealers and farmers across multiple geographies. Comparable as a specialist in equipment leasing partnerships, though commercially rather than state-driven.
• Kubota Credit: Captive financing arm of Kubota Corporation providing retail financing for tractors and agricultural equipment globally. Comparable as a manufacturer-affiliated agricultural equipment financier targeting farmer end-customers with lease and loan products.
• AGCO Finance: Joint venture between AGCO and Rabobank providing retail financing for AGCO's agricultural machinery brands (Massey Ferguson, Fendt, Valtra). Directly comparable in offering leasing/financing specifically for agricultural equipment to farmers.
• Rosagroleasing: Russian state-owned agricultural leasing company under Rosselkhozbank group, providing preferential leasing of agricultural machinery and equipment to Russian farmers. Near-direct functional mirror of KazAgroFinance's mandate within the Russian market.
• Rosselkhozbank: Russian state-owned agricultural bank providing lending and leasing to Russian agribusiness. Closest structural analogue to KazAgroFinance given parallel state-mandated role, nationwide branch network, and equipment financing focus across the post-Soviet agricultural sector.

Regional players

• Mahindra & Mahindra Financial Services: Indian non-banking financial company specializing in tractor and farm equipment financing, particularly for rural and semi-urban customers. Comparable as an emerging-market specialist agricultural equipment financier serving small farmers, though operating in India rather than Kazakhstan.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/AgroFinanceKZ
• Facebookfacebook.com/kaf.kz

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KazAgroFinance