Business support Interest rate reduction Application procedure

ISKER AYMAK

Program conditions

Preliminary calculation

Application process

Conditions

Key program parameters

Amount

KZT 200 million

Loan term

up to 3 years

Purpose of loan

Investments; Working capital

Subsidy rate

40% of the nominal interest rate

Calculator

Subsidy calculator

Calculations are preliminary.

Micro/small business Term 12–36 months

Type of entrepreneurship

Loan amount (tenge)

0 200 000 000

Subsidy period (months)

12 months 36 months

Results

Preliminary calculation

Detailed consultation is available from managers at regional branches.

Monthly payment

0 ₸/mo

Savings due to subsidy

0 ₸/mo

Overall result

Total savings

0 ₸

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

Program participants

Program participants are determined as subsidy agreements are concluded

Additional information is available at this link

Advantages

Advantages of the program

Assistance

Our managers will help you prepare your documents

Convenience

Apply for subsidy online from anywhere

Speed

The Fund will review your application within a short period

Reliability

More than 99,000 projects have already been subsidized

Participants	Micro and small business entities, as well as legal entities that are agricultural cooperatives
Loan amount	Up to KZT 200 million
Purpose of financing	Investments; Working capital
Interest rate	The base rate of the NBRK (National Bank of the Republic of Kazakhstan) plus four percent
Subsidy rate	40% of the nominal interest rate
Final rate for the borrower	Not less than 12.6%
Subsidy period	Up to 3 years
Counter obligations	For investment projects: Creation of new jobs for every KZT 100 million of the loan amount, but not less than one job per project, based on the results of two financial years following the year in which state support measures were provided Mandatory increase in income at a level not lower than the accumulated inflation rate following one financial year and annually thereafter until the end of the subsidy period For Working capital: Mandatory increase in income and payroll fund at a level not lower than the accumulated inflation rate following one financial year and annually thereafter until the end of the subsidy period. Information on the inflation rate, including accumulated inflation, is published on the official website of the Bureau of National Statistics of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan (https://stat.gov.kz/ru/industries/economy/prices/).

List of Priority Types of Economic Activities

No.	Code of the General Classifier of Types of Economic Activities	Name
1	10	Manufacture of food products
2	11.06	Manufacture of malt
3	11.07	Manufacture of non-alcoholic beverages, 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	20	Manufacture of chemical industry products
10	21	Manufacture of basic pharmaceutical products and pharmaceutical preparations
11	22	Manufacture of rubber and plastic products
12	23	Manufacture of other non-metallic mineral products *
13	24	Metallurgical production **
14	25	Manufacture of fabricated metal products, except machinery and equipment
15	26	Manufacture of computers, electronic and optical products
16	27	Manufacture of electrical equipment
17	31	Manufacture of furniture
18	32	Manufacture of other finished products

* excluding the manufacture of ready-mixed concrete (code of the General Classifier of Types of Economic Activities (hereinafter referred to as the Classifier of Types of Economic Activities) “23.63”);

** excluding the manufacture of cast iron, steel and ferroalloys (Classifier of Types of Economic Activities code “24.10”), processing of nuclear fuel (Classifier of Types of Economic Activities code “24.46”), casting of cast iron (Classifier of Types of Economic Activities code “24.51”), casting of steel (Classifier of Types of Economic Activities code “24.52”).

Priority sectors identified by local executive bodies

Select a region on the map to view priority economic activities (General Classification of Economic Activities)

Select a region on the map

Application process

How to apply?

Limit establishment

A limit is established for the STB/AL and a subsidy agreement is concluded between the STB/AL and the Damu Fund

Application submission

The SME* applies to the STB/AL with a request for financing and loan provision

Comprehensive assessment

The STB/AL conducts a comprehensive financial and economic assessment of the project

Project checklist

After completing the assessment, the STB/LC submits the project checklist to Damu Fund for preliminary approval

Fund notification

Upon a positive decision, the STB/AL submits to the Damu Fund a copy of the Loan Agreement / Financial Leasing Agreement***, the repayment schedule and a notification letter

Subsidy payment

Based on the submitted documents, the Damu Fund pays the due subsidy amounts to the STB/AL

* SME — small and medium-sized enterprise
*** LA / FLA — Loan Agreement / Financial Leasing Agreement