Term

Amount

no more than 7 billion tenge*

Loan term

up to 10 years

Percentage

up to 12.6%

Purpose of loan

Purchase of fixed assets; Replenishment of working capital; Refinancing

Loan calculator

Loan amount (tenge)

100 000 ₸ 7 000 000 000 ₸

Duration (months)

12 months 120 months

Monthly payment

125 000 ₸

Reward rate

12.6 %

Total amount to be refunded

4 500 000 ₸

Purpose of the loan

Working capital

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

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Target Segment	Subjects of micro, small, and medium private entrepreneurship
Target Purpose	Loans to MSMEs within the Product (hereinafter referred to as Loan/Loans) can be issued for the following purposes: investments; replenishment of working capital; refinancing/replacement of the source of financing for existing MSME loans issued no earlier than 01/01/2025.
Maximum financing limit per MSME entity	For investments - no more than 7,000,000,000 (seven billion) tenge (inclusive) per MSME/per group of affiliated MSMEs, considering existing obligations under all programs of conditional placement of Fund resources; For replenishment of working capital (hereinafter – WC) - no more than 3,500,000,000 (three billion five hundred million) tenge (inclusive) per MSME/per group of affiliated MSMEs, considering existing obligations under all programs of conditional placement of Fund resources; The maximum amount of financing limit per MSME/group of affiliated MSMEs, considering all loans issued under all conditional placement programs of the Fund, should not exceed 7,000,000,000 (seven billion) tenge.
Remuneration rate (nominal)	not more than 12.6% (twelve point six percent) per annum.
Financing Period	For investments - no more than 120 (one hundred twenty) months; For replenishment of working capital - no more than 36 (thirty-six) months; Refinancing of debt/replacement of the source of financing for existing MSME loans – no more than the remaining term of the refinanced debt.
Grace period for principal repayment	Established by the authorized body of the Second-Tier Bank (STB), but no more than 24 (twenty-four) months from the date the loan is granted, or in the case of MSME financing in the form of a credit line – from the date of the first tranche.
Grace period for remuneration repayment	Established by the authorized body of the STB, but no more than 12 (twelve) months, unless otherwise determined by a decision of the Fund's Management Board.
Guaranteeing	MSMEs that have received financing within the Product have the right to apply for participation in the state guarantee program if the project/MSME meets the requirements of the state program.
Special Conditions	Lending in priority areas • The acquisition of imported equipment and special machinery is permitted only if there are no domestic analogues. • Priority is given to assets marked "Made in Kazakhstan." • This condition comes into effect on 01/01/2026. Restrictions on medical activities (OKED 86) Financing is not allowed for: • medical institutions where the cost of services exceeds the tariffs of the guaranteed volume of medical care (GVMC) and compulsory social health insurance (CSHI) by 2 times (based on clinically-costly groups, approved by the order of the Ministry of Health of the Republic of Kazakhstan dated 10/30/2020); • OKED 86.23 ("Dental activities").
Other Conditions	· STBs may charge a commission for arranging a loan/credit line of no more than 0.5% (zero point five percent) of the loan/credit line amount; · it is prohibited to charge indirect and other commissions for granting and servicing the loan; · The STB is obliged to send applications from MSMEs for a loan/credit line amounting to over 750,000,000 (seven hundred and fifty million) tenge for initial and subsequent utilization of funds to the Fund for approval.
Counter-obligations	For MSME investment projects, it is necessary to increase the volume of paid taxes (corporate income tax/individual income tax) and increase the average annual number of jobs based on tax declaration data, including data on mandatory pension contributions and (or) social contributions, and to increase income growth (income from sales: the cost of goods, works, and services sold from main activities) by 10% after 2 (two) financial years from the project financing date. If an MSME violates the conditions specified in this paragraph, the Fund will charge a penalty to the STB in the amount of 5% (five percent) of the loan/credit line amount established for the MSME. The STB is also obliged to replace the loan with its own funds, while directing the Fund's funds to finance MSMEs that comply with the conditions of the Product and the Loan Agreement. The STB has the right to provide for a penalty in financing agreements with MSMEs for non-compliance with counter-obligations.
MSMEs cannot be participants of the Program if they	- implement projects that provide for the production and wholesale sale of excisable goods or products, with the exception of projects providing for the production of alcohol-containing medical products (excluding balms) registered as a medicinal product in accordance with the legislation of the Republic of Kazakhstan; - 25% (twenty-five) percent or more of the shares (stakes in the authorized capital) of which are directly owned by state enterprises/institutions, national managing holdings, national holdings, and national companies; - are legal entities registered in offshore zones provided for in the Resolution of the Board of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market dated February 24, 2020, No. 8 "On establishing the List of offshore zones for the purposes of banking and insurance activities, activities of professional participants of the securities market and other licensed types of activities in the securities market, activities of joint-stock investment funds and activities of organizations engaged in microfinance activities," and (or) other normative legal acts of the Republic of Kazakhstan, as well as legal entities whose participants/shareholders/members are registered in offshore zones with a participation share/share package in the authorized capital of legal entities of more than 10% (ten percent); - have current overdue loan debt of more than 60 (sixty) calendar days according to the data of "State Credit Bureau" JSC/"First Credit Bureau" LLP and (or) overdue debt on taxes and payments to the budget according to the data of state revenue authorities as of the date of receiving the loan or submitting the credit application.
The provision of Loans to Final MSMEs for the following purposes is prohibited:	1) it is prohibited to finance transactions for the acquisition of an existing business and real estate objects for the purpose of continuing a previously carried out activity, as well as fictitious and sham transactions, with the exception of cases of launching a new business or resuming a previously discontinued activity in priority areas; 2) participation in the authorized capital of legal entities; 3) reimbursement of previously incurred costs of MSMEs, repayment of debt arising from MSMEs receiving financial assistance from individuals and (or) legal entities, including participants, shareholders, officials, and employees of MSMEs; 4) consumer lending; 5) payment of dividends to founders (including participants, shareholders of MSMEs); 6) covering losses from MSME business activities; 7) payment for the services of authorized agents. An authorized agent is a person who, on the basis of a power of attorney agreement, performs certain tasks on behalf of and at the expense of the creditor (principal) or the administrator of a budget program and in accordance with their instructions, related to budget lending (servicing budget loans, making payments with MSMEs, monitoring MSMEs and projects, debt collection, etc.); 8) payment of commissions, fees, and (or) other payments related to the MSME loan, with the exception of the loan arrangement commission specified in "Other Conditions." If these commissions are debited from the loan funds, the MSME may reimburse the loan funds for this amount with its own funds and subsequently use them for the intended purpose. The reimbursement must be carried out within 30 (thirty) calendar days from the date the commission is debited, or the loan must be prepaid by the amount of the paid commissions within the same period; 9) acquisition of securities (portfolio investments), as well as placing loan funds in deposits; 10) implementation of projects providing for the production and wholesale sale of excisable goods or products, with the exception of projects providing for the production of taxicabs and alcohol-containing medical products (excluding balms) registered as a medicinal product in accordance with the legislation of the Republic of Kazakhstan; 11) implementation of projects providing for the production or supply of weapons (including components for weapon production), narcotic substances, or other property withdrawn from civil circulation; 12) implementation of projects providing for the organization and (or) development of gambling business; 13) implementation of projects related to terrorist activities and any other activities prohibited by the legislation of the Republic of Kazakhstan; 14) acquisition of property/assets subsequently registered to third parties, as well as the construction of a facility on a land plot belonging to third parties, with the exception of: - construction on a land plot that is state-owned; - construction/registration of property/assets to a co-borrower with the right of utilization (the co-borrower must comply with the requirements and conditions of the Program applicable to MSMEs); - construction/registration of property/assets to close relatives of the MSME (in accordance with the Code of the Republic of Kazakhstan "On Marriage (Matrimony) and Family") who act as co-borrowers under the bank loan agreement; 15) payment for transactions that have clear signs of being fictitious or sham in accordance with the civil legislation of the Republic of Kazakhstan; 16) blank loans, with the exception of projects providing for the subsequent pledge of property acquired or constructed under the Product and MSME loans for working capital replenishment for an amount not exceeding 300,000,000 (three hundred million) tenge; 17) acquisition of imported investment assets, with the exception of assets for which there are no analogues from domestic manufacturers, such as: - finishing construction materials; - equipment, special machinery, and spare parts; It is permitted to acquire domestically produced assets with the "Made in Kazakhstan" mark in accordance with the requirements of the national standards of the Republic of Kazakhstan ST RK 3836 "Marking sign "Made in Kazakhstan." Technical requirements" and ST RK 3837 "Procedure for applying the marking sign "Made in Kazakhstan"); • This condition comes into effect on 12/01/2025. 18) financing of MSMEs engaged in banking activities (or certain types of banking operations) and activities in the insurance market (except for the activities of an insurance agent); 19) payment (including repayment of debt) of any tax liabilities (with the exception of VAT included in the cost of the acquired asset from the loan funds), any state duty, any customs payments/fees, duties, any social payments and contributions (including: mandatory pension contributions, mandatory professional pension contributions, mandatory pension contributions of the employer, social contributions paid in accordance with the Social Code of the Republic of Kazakhstan, contributions and fees for mandatory social health insurance paid in accordance with the Law of the Republic of Kazakhstan "On Compulsory Social Health Insurance"), as well as payment of any insurance premium, including under a compulsory accident insurance contract for employees. This prohibition also applies to loans granted for the purpose of replenishing working capital.

List of Priority Economic Activities

No. p/p

Code of the General Classifier of Economic Activities

Name

	1	2
	1. Manufacturing
1	10	Manufacture of food products
2	11.06	Manufacture of malt
3	11.07	Manufacture of soft drinks, mineral waters and other bottled waters
4	13	Manufacture of textiles
5	14	Manufacture of wearing apparel
6	15	Manufacture of leather and related products
7	16	Manufacture of wood and cork products, except furniture; manufacture of articles of straw and plaiting materials
8	17	Manufacture of paper and paper products
9	18	Printing and reproduction of recorded media
10	20	Manufacture of chemical products
11	21	Manufacture of basic pharmaceutical products and pharmaceutical preparations
12	22	Manufacture of rubber and plastic products
13	23	Manufacture of other non-metallic mineral products
14	24	Manufacture of basic metals
15	25	Manufacture of fabricated metal products, except machinery and equipment
16	26	Manufacture of computer, electronic and optical products
17	27	Manufacture of electrical equipment
18	28	Manufacture of machinery and equipment not elsewhere classified
19	29	Manufacture of motor vehicles, trailers and semi-trailers
20	30	Manufacture of other transport equipment
21	31	Manufacture of furniture
22	32	Other manufacturing
23	33	Repair and installation of machinery and equipment
	2. Agriculture, forestry and fishing
24	01.63	Post-harvest crop activities
25	01.64	Seed processing for propagation
26	03.11	Marine fishing*
27	03.12	Freshwater fishing
28	03.22	Freshwater aquaculture
	3. Waste collection and treatment
29	38	Waste collection, treatment and disposal; materials recovery
	4. Transportation and storage
30	49.10	Passenger and freight transport by road**
31	49.11	Passenger rail transport, intercity
32	49.20	Freight rail transport
33	49.311	Bus transport
34	49.312	Tramway transport
35	49.313	Trolleybus transport
36	49.314	Subway transport
37	49.319	Other scheduled passenger land transport
38	49.39	Other passenger land transport n.e.c.
39	49.41	Freight transport by road
40	49.42	Removal services
41	50.10	Sea and coastal passenger water transport
42	50.20	Sea and coastal freight water transport
43	50.30	Inland passenger water transport
44	50.401	Inland freight water transport
45	50.402	Log floating
46	52	Warehousing and support activities for transportation
	5. Accommodation and food service activities
47	55.10	Hotels and similar accommodation***
48	55.20	Holiday and other short-stay accommodation****
49	55.30	Campsites, caravan parks and residential parks
50	55.901	Dormitories in boarding schools
51	55.902	Student dormitories

	6. Real estate activities
52	68.20.8	Renting (subleasing) and managing own or leased storage facilities
	7. Education
53	85	Education*****
	8. Human health and social work activities
54	86	Human health activities******
55	88.910	Day-care for children*****
9. Animal husbandry*******
56	01.41.0	Dairy cattle farming

* this NACE code provides for the production, processing, canning of agricultural products;

** with the exception of NACE 49.32 - Taxi operation;

*** with the exception of five-star hotels;

**** with the exception of apartments, flats and residential houses;

***** with the exception of:

· private schools/preschool institutions that have one of the following features: - state educational order for secondary education is not provided and (or) compensation for operating and/or investment costs is not provided;

· private educational institutions that provide for combined forms of education on a budgetary basis (state order) and on a fee basis with a tuition fee exceeding 400 (four hundred) MCI per year.

****** with the exception of:

• healthcare facilities, the cost of services of which exceeds a 2-fold increase in tariffs for medical services within the guaranteed volume of free medical care and (or) in the system of compulsory social health insurance, the payment of which is carried out by clinical and cost groups, approved by the Order of the acting Minister of Health of the Republic of Kazakhstan dated October 30, 2020 No. ҚР ДСМ-170/2020;

• NACE 86.23 "Dental practice".

******* subject to further processing of the received livestock products

Договор присоединения.docx

Орлеу презентация каз.pdf

Орлеу презентация рус.pdf