Procedure: The client applies to an STB/MFO/LC. In case of a positive decision, under the first direction of the Unified Comprehensive Program, the bank independently submits the BL (bank loan agreement) to the “Damu” Fund. For other programs that provide support in the form of subsidizing, after the bank’s approval, the entrepreneur independently submits an application to the “Damu” Fund. If there is a positive decision from an STB/MFO/LC, the application can be submitted via:

1. EGOV portal
2. online.damu.kz
3. In hard copy, through a branch of the Fund.

*STB – second-tier bank; *MFO – microfinance organization; *LC – leasing company

The decision on a loan application is made by STB/MFO/LC based on an assessment of the financial and economic efficiency of the project. If you indeed have your own business, a positive credit history, and are a responsible taxpayer, then the chances of obtaining financing from a bank with the support of the “Damu” Fund are maximized.

*STB – second-tier bank; *MFO – microfinance organization; *LC – leasing company

There are no restrictions on the project location within the programs of the “Damu” Fund. You can find the main conditions of the programs at the following link: https://damu.kz/programmi/

Yes. One of the requirements for obtaining a Fund Guarantee is the absence of current overdue debt to the Creditor. In the last 36 months, the Entrepreneur must not have overdue debt exceeding 90 consecutive days or two or more payments overdue by more than 45 days.

Yes. An entrepreneur may receive several guarantees for different loans, provided the total financing does not exceed 7 billion KZT, and the total guarantee amount does not exceed 3.5 billion KZT.

Entrepreneurs:

1. engaged in the production of excisable goods/products, except for projects involving the production of motor vehicles and alcohol-containing products for medical purposes (excluding balms), registered in accordance with the legislation of the Republic of Kazakhstan as medicinal products;
2. planning to implement a project in the mining industry without further processing of the extracted materials, or a project at the stage of geological exploration and quarry development, except for projects related to the development of gravel and sand quarries;
3. whose fifty percent or more of shares (participatory interest in the authorized capital) directly or indirectly belong to the state, a national managing holding, a national holding, or a national company, except for cases when guarantees are provided in accordance with the conditions of paragraph 2 of chapter 2 of the Guarantee Rules;
4. implementing projects in the types of activities specified in paragraph 4 of Article 24 of the Entrepreneurial Code, except for the types of activities indicated in subparagraphs 3) and 11) of paragraph 4 of Article 24 of the Code;
5. that have ceased or suspended activities as a private entrepreneurship entity;
6. persons affiliated with Lenders in accordance with the legislation of the Republic of Kazakhstan;
7. persons affiliated with a bank in accordance with the Law of the Republic of Kazakhstan “On Banks and Banking Activities.”

The maximum amount of the Fund’s Guarantee is up to 85% of the Loan amount, but not more than 3.5 billion tenge. The Fund does not require collateral for the remaining part of the loan. Thus, Banks are entitled to provide financing solely under the Fund’s Guarantee without requiring the entrepreneur’s own collateral.

The commission fee for issuing a Guarantee on loans of up to 7 billion tenge is 1.5% of the guarantee amount. It is paid once, no later than the date of signing the guarantee commitment, and annually thereafter until the end of the validity period of the guarantee commitment, based on the outstanding guarantee amount.

The Fund provides the guarantee within 2 (two) business days.

An entrepreneur must apply to a Bank for financing. In case of insufficient collateral, a Fund guarantee may be used. The decision to provide a guarantee is made by the Bank independently. After the Bank makes a positive decision, the required documents are submitted to the Fund for the issuance of the guarantee.