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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

Regional program for financing of entrepreneurs were discussed in Uralsk city

April 20, 2016 7:00 pm

A meeting of Akim of West Kazakhstan region Altai Kulginov with Deputy Chairman of the Board of "Damu" Fund Daulet Abilkairov, managing director Samat Ahilbekov, representatives of local executive authorities and commercial banks, as well as entrepreneurs were held in Uralsk city.

The main topic of the meeting was the new regional program for financing of entrepreneurs. A memorandum between the "Damu" Fund and Akimat of West Kazakhstan region for a total amount of 1 billion tenge were signed in March 2016 in order to implement this program.

A new program for financing of entrepreneurs, its conditions as well as the mechanism of its implementation were presented by director of the regional branch of the “Damu” Fund in West Kazakhstan region Erbol Idenov.

Credits available for enterprises operating in the priority sectors of the economy, as well as from rural settlements and first-time entrepreneurs.

The maximum loan amount is up to 50 million tenge. Interest rate – 8,5% per annum. Loan term - up to 84 months. Entrepreneurs, who have received funding under this program are eligible to use guarantee tool from the Fund if collateral is insufficient to the Bank.