What the ODP enables for the Agriculture Sector
For example, Kazakhstan aims to attract strategic investment to develop dairy production. This is based on experience from member owned cooperatives in New Zealand and Denmark, the world leaders in the dairy business.
Lack of access to adequate capital investment and affordable credit has led to underinvestment in dairy farm infrastructure and constrained the ability of farmers to modernise, diversify and innovate.
There is significant State investment through direct aid and subsidies to reduce and restructure the indebtedness of agricultural enterprises and provide subsidised loans at discounted rates underwritten by the State.
The Ozara Digital Platform enables State and private sector investment to be directed to local Islamic Investment and Finance Cooperatives (IIFCs). The IIFC provides farmers, small and medium enterprises with Islamic compliant financing needed to help them develop their business.
Each IIFC is a member owned and run cooperative, so the funding is put to best use based on local knowledge. There is clear visibility of where the funding has been directed and how loans are performing. This enables strategic investment from the State and the private sector to directed to the areas where is can have the greatest impact.