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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

There is a fund similar to Fund “Damu” in Belarus

February 26, 2013 6:44 pm

Kazakhstan delegation of Pavlodar region businessmen made a two-day visit to the Republic of Belarus. Director of the regional branch of Fund "Damu" Erkanat Abenov was also among the delegation, that went to Belarus specifically to review the work of the Belarusian Fund for Financial Support of Entrepreneurs.

Kazakhstan delegation visited Minsk Tractor Works, Borisov Meat, AgroFarm "Pershai - 2003" poultry processing "Belarus", and many other companies. Totally, within the framework of the visit 18 joint commercial documents was signed, in the field of agriculture, engineering, assembly, municipal vehicles for a total amount in excess of $ 7 million. Was also signed a memorandum on cooperation between the Belarusian Fund for Financial Support of Entrepreneurs and “Entrepreneurship Development Fund “Damu” JSC (Republic of Kazakhstan).

Interestingly, in the work of the Belarusian Fund for financial support have both similarities and differences with the activities of the Fund "Damu". Belarusian Fund, as well as the Fund "Damu", deals with the state support of small (Fund "Damu" - even the middle) business.

But, in contrast to Fund "Damu", Belarusian fund can give directly to the businesses a three-year treasury bonds with an interest rate equal to the rate of refinancing, and property leasing (finance lease) for a period of 5 years. Moreover, the Belarusian Fund provides loan guarantees to entrepreneurs through the banks. The same tool is also provided in our Fund "Damu". True, our warranty is much cheaper - only 1% of the guarantee amount. A limit of the Belarusian Fund Commission for providing the guarantee is 5%.

As part of the a memorandum signed by the two Funds, a joint business mission Pavlodar entrepreneurs in Belarus and, accordingly, the Belarusian businessmen - to Kazakhstan will be organized.