Guarantee fund for business support
In accordance with the President’s instructions, the Damu Fund is launching a guarantee program within the Guarantee Fund to support the real sector of the economy by expanding loan guarantee instruments.
Terms and Conditions
Amount
over 7 billion tenge
Guarantee size
No more than 30% of the project cost
Purpose of loan
investments, working capital replenishment, refinancing
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
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Condition
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Description
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Participants
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Private entrepreneurship entities
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Financing amount
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over 7 billion tenge
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Maximum guarantee amount
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No more than 30% of the project cost
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Guarantee period
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Up to 15 years
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Purpose of financing
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Investments, replenishment of working capital, refinancing
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Commission
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2% per annum of the guarantee amount and is paid once before signing the guarantee obligation for the entire duration of the guarantee
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Financing currency
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tenge and/or foreign currency
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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