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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

An entrepreneur from Almaty city took advantage of technology of "Damu-Micro" and received the approval on the loan in just seven days

February 29, 2016 6:18 pm

An entrepreneur from Almaty city Murat Tolybayev produces metal doors, gates and other constructions for years. He uses local raw materials in his production. In order to purchase of new equipment for the gate manufacture entrepreneur needed a loan for a total amount of five million tenge. He learnt from media about the new technology of financing "Damu-Micro" and appealed for the "Damu" Fund.

-Before, I worked at bazaar, selling at retail, but the market determines new conditions. I need to participate in tenders, so I set up IE and now I can easily negotiate with partners. I want to build a complete production cycle of metal goods - from metal processing to its polishing. To do this, I need a money. I appealed for the "Damu" Fund and my project was supported, - says Murat Tolybayev.

One of the main feature of "Damu-Micro" technology – its efficiency on consideration of loan applications by the bank. Once Murat submitted an application to KassaNovaBank, its managers and employees of the regional branch of the "Damu" Fund made on-site visit. Tolybayev’s project was approved just within seven days.

Let us recall that advantage of financing technology "Damu-Micro" able to take active or first-time entrepreneurs from Almaty city as well as its region.

They are able to get a loan from three to twenty million tenge under 14% per annum for working capital financing and investment in the project. The program involves three banks: Alfa-Bank, Bank of Astana and KassaNovaBank.

The technology implies the approval and issuance of the loan within 15 days, including loan approval up to 7 days.