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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

Seven entrepreneur’s projects from Kyzylorda city have been approved by Regional Coordinating Council

February 26, 2016 6:56 pm

A regular meeting of the Regional Coordinating Council in the framework of the Unified Program of Support and Business Development "Business Road Map - 2020" held in Kyzylorda city. During the meeting, seven projects of Kyzylorda’s entrepreneurs have been approved for a total amount of 145.5 million tenge to subsidize the interest rate on the loan. Three projects will also be presented with the guarantee from the "Damu" Fund to address the lack of collateral.

Entrepreneurs, whose projects have been approved work in the field of food production, advertising and medical services, passenger transportation.

One of the businessmen, who will receive a soft loan, last year opened a workshop for carpet cleaning by dint of state support. At present the 21-year-old Gabiden Zhaksylyk plans to obtain another loan for the modernization of its enterprises and the purchase of new equipment for cars cleaning.

- The speed of the cleaning automobiles with modern equipment is several times higher than in car washes and service quality is much higher - says Gabiden Zhaksylyk. Young Entrepreneur provides six permanent work places, after implementation of a new project, he plans to create another two workplaces.