1 billion for business development
Regional Akimat and the Entrepreneurship Development Fund "Damu" intend to allocate this amount for financing of SMEs
The agreement was reached during the signing of a memorandum between Regional Akimat and Fund "Damu", each of which agreed to allocate 500 million tenge, through second-tier banks.
"Entrepreneurs, whose projects fall into the list of priority sectors of the economy under unified program of support and business development "Business Roadmap 2020", can benefit the loans First of all, this applies to agricultural production and start-up entrepreneurs", - said the general manager of the West-Kazakhstan branch of JSC "EDF "Damu" Nurzhan Kalishanov.
According to him, the interest rate of 7.5% per annum. Loan term is up to 84 months for investment purposes and up to 36 months for working capital. Businesses, that have received funding under this program, can use the tool without a collateral.
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