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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

"Damu-Ondiris" Program for the support of small and medium enterprises, operating in the field of manufacturing

Damu-Ondiris Program for the support of small and medium enterprises, operating in the field of manufacturing.

The Program is implemented according to the resolution of the Government of the Republic of Kazakhstan №1553 (09.10.2009). Fund “Damu” functions as an agent of realization of the Program.

Within the framework of the Program 18 billion tenge from the funds of “Stress Assets Fund” JSC are transferred to deposits of the Second-tier banks. The operation is made for the subsequent financing/refinancing of projects arranged by SME’s in manufacturing. Partner banks are participating in financing with own funds in proportion of 70:30 (70% - funds provided by “Stress Assets Fund” JSC; 30% - by banks-participants).

The following banks are participating in the Program:

  1. “BTA Bank” JSC
  2. “Kazcommercebank” JSC
  3. “Temirbank” JSC
  4. “Alliance Bank” JSC
  5. “Halyk Bank” JSC

The main conditions required for crediting SME’s in manufacturing:

  • Financing of SME projects working in the following sub-industries of manufacturing:
    • Production of food;
    • Production of beverages;
    • Manufacture of textiles;
    • Production of clothing;
    • Manufacture of leather and supplemental products;
    • Manufacture of wood and cork , except furniture;
    • Manufacture of articles of straw and plaiting materials;
    • Production of paper and paper products;
    • Printing and reproduction of recorded media ;
    • Production of chemicals and chemical products ;
    • Production of basic pharmaceutical products and preparations;
    • Manufacture of rubber and plastic products;
    • Manufacture of other no n- metallic mineral products;
    • Manufacture of fabricated metal products, except machinery and equipment;
    • Manufacture of computers, electronic and optical products ;
    • Production of electrical equipment;
    • Production of machinery and equipment not elsewhere classified ;
    • Manufacture of motor vehicles , trailers and semi-trailers;
    • Manufacture of other transport equipment ;
    • Manufacture of furniture;
    • Production of finished products.
  • Targeted use of funds – refinancing of the existing loans, investment goals, working capital;
  • Final annual interest rate – not more than 8.0% annually;
  • Period of crediting – up to 84 months;
  • Currency of loan – tenge;
  • Maximum limit of financing per SME – not more than 750 million tenge;
  • Grace period on principal repayment – up to 24 months;
  • SME subject should begin development of a loan within 2 months from the starting date of credit loan/credit line opening agreement;
  • An opportunity for fines and penalties of partner banks for not fulfillment in-time of liabilities held by SME subjects on repayment of principal and interest on refinanced loans within the Program;
  • A preliminary decision on refinancing / financing of SME subject accepted by the bank - the participants themselves. Then they should send information on SME project to the Commission , established under the Fund for SME projects approval;
  • Other conditions of crediting are established independently by the participant banks.