As opportunities for government support continue to play an important role in business development, access to reliable information and financial security is more important than ever. Damu Entrepreneurship Development Fund JSC urges citizens and entrepreneurs to remain vigilant and beware of individuals who misuse the Fund’s name to solicit money under the pretext of helping applicants obtain financial support.

Supporting small and medium-sized enterprises, improving access to financing and creating opportunities for entrepreneurs to develop their businesses are important elements of Kazakhstan’s entrepreneurship support system. However, growing interest in government support programs may also attract individuals seeking to exploit the trust of business owners for personal gain.

Such individuals may falsely present themselves as Damu Fund employees or intermediaries, claiming they can help applicants obtain loans, subsidies or guarantees. They may request payment in exchange for supposedly expediting an application, arranging access to a support program or guaranteeing a favourable decision.

These claims should be treated with caution. No promise made by a paid intermediary can guarantee that financial support will be granted. Trusting suspicious offers may result in financial losses, the disclosure of personal information or the misuse of banking details by third parties.

Damu Fund reminds citizens and entrepreneurs that all consultation services provided by the Fund are free of charge. Individuals should not make payments to anyone claiming to represent the Fund in exchange for consultations, document processing or assistance in obtaining a loan, subsidy or guarantee. Information about available programs, eligibility requirements and support instruments should be verified exclusively through official sources.

Protecting personal and financial information is equally important. Never disclose passwords, bank card details or one-time verification codes received by SMS to third parties. Avoid suspicious links and do not transfer money at the request of unknown individuals. If an offer appears questionable, verify its legitimacy through the Fund’s official communication channels before taking any action.

Financial security begins with informed decision-making and a willingness to verify information. Entrepreneurs should ensure that their efforts to secure support for business development do not expose them to unnecessary risks. Taking the time to confirm the accuracy of information can help protect financial resources, personal data and the results of hard work.

If you receive a suspicious offer, are promised guaranteed access to government support in exchange for payment, or have doubts about the legitimacy of a person claiming to represent Damu Fund, do not rush into making a decision. Contact the Fund through its official channels and report any suspected fraudulent activity.

For consultations and reporting suspicious activities:

• 1408 — Contact Center for free consultations.

• senim@fund.kz — Email address for reporting suspicious activities and potential fraud.

Damu Fund calls on citizens and entrepreneurs to remain vigilant, protect their personal and financial information, and rely exclusively on official sources when seeking information about government support for business.

Remember: financial security starts with awareness and caution. Do not trust suspicious promises, verify information through official channels, and do not allow fraudsters to take advantage of your trust.