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The 5th Business Forum of Conference on Interaction and Confidence Building Measures in Asia (CICA), 10-11 of November 2016, Astana, Kazakhstan

Entrepreneurship Development Fund "Damu" JCS and KMC "Astana Motors" signed memorandum on cooperation

November 14, 2012 5:41 pm

Memorandum on cooperation between Kazakh Motor Company "Astana Motors" and Entrepreneurship Development Fund " Damu" was signed on November 14, 2012 in Almaty. The purpose of the agreement is to promote and popularize the state program "Business Roadmap 2020".

Thanks to the agreement, all small and medium business can replenish or upgrade existing commercial vehicle fleet with Kazakhstan-made products of Hyundai under favorable conditions provided by Entrepreneurship Development Fund "Damu ." This program allows subsidizing interest rates on bank loans and leasing of commercial vehicles Hyundai, produced in Kazakhstan.

Lyazzat Ibragimova , Chairwoman of the Board of Entrepreneurship Development Fund " Damu" : " Support of domestic producers under the national Program " Business Roadmap -2020 " facilitates market promotion of the goods made in Kazakhstan, including vehicles. We hope that the technology produced in our country in the future will not be inferior comparing to foreign analogues" .

This agreement will positively affect the development of small and medium entreprises, will provide consumers with quality products , matching the international standards, and thus will allow the replacement of morally and physically obsolete fleet of trucks and buses to modern vehicles.

Commercial machinery of Hyundai, produced in Kazakhstan , nowadays offers a wide range of trucks, with capacity ranging from 2 to 20 tons, with add-ons of varying complexity, Alpha

municipal and specialized equipment, including buses. Since April 2012, "Astana Motors" company expanded product range and produces bus “County”, with a capacity ranging from 19 to 28 seats. All machinery matches the required environmental and technical standards and has quality certificates. In comparison with motor-vehicles of other manufacturers, Hyundai brand vehicles are the most competitive. It has showed its fuel economy benefit of use in comparison with vehicles made in Russia, because the main advantages of Hyundai vehicles are high quality , reasonable price, favorable terms and conditions of delivery, as well as warranty insurance.

KMC "Astana Motors" provides a guarantee for the entire range of the offered vehicles . Warranty and service is carried out through the existing extensive distribution network already established in Kazakhstan.

"Entrepreneurship Development Fund "Damu" JSC is the main operator and integrator of business support measures . Programs of the Fund are implemented in three main areas: increasing the volume and improving access to finance for entrepreneurs, promoting diversification of the business sector, industrial and innovative development , increasing the professionalism of SMEs through training of beginning entrepreneurs and top managers of SMEs, international internships, service and information support.

The structure of the Fund's is composed from sixteen regional affiliates in all fourteen regions and the cities of Astana and Almaty. To the current date, the Fund implemented more than 25 programs on financial and consultancy support for entrepreneurs.

Company Hyundai Auto Truck & Bus was founded in August 2005 being a member of the Kazakh Motor Company «Astana Motors ". The company sells commercial vehicles of the brand Hyundai (trucks, buses, construction equipment) being the official distributor of the Korean company Hyundai Motor Company in the Republic of Kazakhstan.