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Support under the Guarantee Fund 2

Terms and Conditions

Amount
Amount

over 7 billion tenge

Guarantee size
Guarantee size

No more than 30% of the project cost

Loan term
Loan term

up to 15 years

Purpose of loan
Purpose of loan

investments, working capital replenishment, refinancing

Fund Guarantee Calculator 2

Calculation Results

Your collateral: 0.00  %
Fund guarantee: 0.00  %
Guarantee amount: 0.00  tenge
Annual commission: 0.00  tenge

* Calculations are preliminary. Detailed consultation is available from managers at regional branches.

Guarantee fund - New start for your business!

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Support confirmed by numbers

0

Number of supported projects

0

Amount of supported loans

0

Amount of issued guarantees

Benefits of the Guarantee Fund

Availability of financing

Will provide wider coverage of business entities in need of financial support

Simplifying access

Simplify access for entrepreneurs to the necessary amount of financing when there is insufficient collateral

Speed

The shortest timeframes for consideration of applications from entrepreneurs by the Damu Fund. We value the time of entrepreneurs

Reliability

They trust us. More than 62,000 entrepreneurial projects have received support under the guarantee programs

Main conditions for providing guarantees under Guarantee Fund 2

Condition Description
Participants Private entrepreneurship entities
Financing amount over 7 billion tenge
Maximum guarantee amount No more than 30% of the project cost
Guarantee period Up to 15 years
Purpose of financing Investments, replenishment of working capital, refinancing
Commission 2% per annum of the guarantee amount and is paid once before signing the guarantee obligation for the entire duration of the guarantee
Financing currency tenge and/or foreign currency

Creditors under Guarantee Funds

Second-tier banks, leasing companies, subsidiaries of national managing holdings, and other legal entities.

Guarantee recipients cannot be:

1.      Those engaged in the production of excisable goods/products, with the exception of projects involving the production of motor vehicles and alcohol-containing medical products (excluding balms) registered in accordance with the legislation of the Republic of Kazakhstan as medicinal products;

2.      Those planning to implement a project in the mining industry without further processing of extracted/mined materials, a project at the stage of geological exploration and quarry development, with the exception of projects for the development of gravel and sand quarries;

3.      Projects implemented for types of activities specified in paragraph 4 of Article 24 of the Code, with the exception of activities specified in subparagraphs 3) and 11) of paragraph 4 of Article 24 of the Code;

4.      Those who have ceased or suspended activities as a private entrepreneur;

5.      Persons related to creditors by special relations in accordance with the legislation of the Republic of Kazakhstan;

6.      Persons related to the bank by special relations in accordance with the Law of the Republic of Kazakhstan "On Banks and Banking Activities".

The manufacturing industry, the mining industry, subject to further processing of extracted/mined materials, the agro-industrial complex, the creation and/or development of infrastructure facilities in the energy, communications, transport, tourism, healthcare and education sectors, as well as the relevant infrastructure.

1
The lender makes a positive decision on the borrower and applies to the Financial Agency for a guarantee
2
Project review by the Financial Agency
3
Decision-making by the authorized body of the Financial Agency
4
Signing of the Loan Agreement between the lender and the borrower
5
Signing of the Guarantee Agreement by all parties
6
Loan disbursement by the lender