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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

Young entrepreneur has opened up a bakery in his native village thanks to state support

June 3, 2016 6:34 pm

A press tour for journalists on government-supported enterprises took place in West-Kazakhstan region. One of the projects, which was visited by journalists IE "Aked і l" in Karakamys village of Karatobe district, which is 300 kilometers far away from the regional center.

Until recently, the bread was delivered to shops Karakamys village, with a population of about 1,700 people, from the city. In the springtime due to flood of meltwater and the rise of the water level in the local river problems with the delivery of products occur. The population is already accustomed to stock products for that period. Nevertheless, it is useless to stock bread for a long while. A young entrepreneur Bolatuli Kasimbek decided to solve this problem.

He found a detached building, considered the cost of its purchase and repair, as well as for the purchase of a motor vehicle and equipment for bakeries.

He applied to the "Damu" Entrepreneurship Development Fund for assistance, where he found out about the measures of state support. Loan amount constituted to 8 million tenge. He receive the approval of the Regional Coordinating Council.

Currently I make a payments towards a loan at 4%, 10% - is paid by the state through the "Damu" Fund, - reports the entrepreneur.

The bakery opened up in December last year. So far, three people works here. It is a family business. In the winter season boiler operators will be hired from the local residents. In the next room, Kasimbek organized grocery store.

Up to 100 loaves and pies baked per day. For the time being production expands only in the rural district. In the summer, with increase in demand, production volumes also increases.

There are intentions to conclude a contract with the school and summer camp. In the plans - to provide bread and pastries to neighboring villages.

- This enterprise has become an example for the population of the district, - reports the head of entrepreneurship department of Karatobe district Nurbol Bozov. - In spite of the distance from the district center, the entrepreneur has shown that it is possible and necessary to open a business in the area.