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No more than the term of the loan/leasing transaction, but no more than 15 years
depends on the financing currency*
Our managers will help you prepare your documents.
Apply for subsidy online from anywhere.
The Fund will consider your application in a short period.
We have subsidized more than 17 000 projects.
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Program Administrator |
Ministry of Trade and Integration of the Republic of Kazakhstan |
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Financial Agent (Operator) |
JSC "Entrepreneurship Development Fund "Damu"
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Lender/Leasing Company |
Second-tier banks, Development Bank of Kazakhstan, Leasing companies involved in financing transactions for the export of goods, works and services
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Borrower (importer) |
Foreign legal entity that applied for a loan/financial lease for the acquisition of high-tech goods and services in the manufacturing industry |
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Exporter |
1. Legal entity/individual entrepreneur of the Republic of Kazakhstan that has entered into a contract for the export of goods, works and services produced in the Republic of Kazakhstan 2. Foreign legal entity for transactions involved in the export of goods, works and services produced in the Republic of Kazakhstan |
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Insurer |
JSC "ESC "KazakhExport" |
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Subsidized transactions |
Transactions related to the export of goods, works and services of Kazakhstani origin, i.e. produced in the Republic of Kazakhstan (hereinafter referred to as the "Export Transaction") |
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Key industries |
Manufacturing industry, preference is given to the following: mechanical engineering, infrastructure services, capital-intensive and high-tech equipment, etc. |
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Subsidy amount |
Depends on the financing currency, and is set as the difference between the nominal interest rate of the creditor/leasing company and: 1) CIRR; 2) half of the key rate of the Central Bank of the Russian Federation; 3) half of the base rate of the National Bank of the Republic of Kazakhstan. |
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Subsidized loan term |
No more than the term of the loan/leasing transaction, but no more than 15 years |
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Loan currency |
US dollars, euros, Russian rubles, Kazakhstani tenge |
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Subsidized loan amount |
Unlimited |
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Nominal interest rate, not exceeding: |
- in US dollars and euros - 300% of the indicative commercial interest rate (CIRR - Commercial Interest Reference Rate*) - in Russian rubles - 150% of the RUONIA level** for 6 months - in Kazakhstani tenge - 150% of the MM Index level*** |
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Main criteria for selecting Financial Institutions participating in an export transaction |
The financial institution is selected with the lowest interest rate (when providing a loan) The Importer's Bank is selected with the lowest risk and the lowest margin (when providing a loan to the Importer) |
** RUONIA is an indicator representing the average weighted interest rate at which credit institutions from the RUONIA list conduct overnight unsecured ruble lending transactions among themselves, the source of information for which is the Internet resource of the Central Bank of the Russian Federation (https://www.cbr.ru/hd_base/ruonia/dynamic/#highlight=ruonia).
*** Money Market Index is a money market indicator that represents the average weighted value of interest rates (yield) on USD/KZT currency swap transactions and automatic repo transactions with securities through the volume of transactions, the source of information for which is the Internet resource of the Kazakhstan Stock Exchange KASE (https://kase.kz/ru/money_market/mm_index/).
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The contract is concluded is July 3, 2023 for a period of 15 years* |
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if the contract is in tenge |
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MM Index on the date of conclusion |
17.57** |
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nominal rate |
26.36 |
= 17.57*150% |
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NBRK base rate |
16.75 |
the value is taken from the NBRK website |
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half of the NBRK base rate |
8.38 |
= 16.75/2 |
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subsidized portion |
17.98 |
= 26.36-8.38 |
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rate for the final borrower |
8.38 |
= 26.36-17.98 |
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if the contract is in US dollars | ||
| CIRR (value over 8.5 years*) | 4.58** | http://www.oecd.org/trade/topics/export-credits/documents/cirrs.pdf |
| nominal rate | 13.74 | = 4.58*300% |
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subsidized part |
9.16 |
= 13.74-4.58 |
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rate for the final borrower |
4.58 |
= 13.74-9.16 |
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if the contract is in rubles |
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RUONIA (for 6 months) | 7.34** | |
| 11.01 | = 7.34*150% | |
| key rate Central Bank of the Russian Federation | 7.5 | value is taken from the website of the Central Bank of the Russian Federation |
| half of the key rate of the Central Bank of the Russian Federation | 3.75 | = 7.5/2 > |
| subsidized part | 7.26 | = 11.01-3.75 |
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rate for the end borrower |
3.75 |
= 11.01-7.26 |
*It is necessary to pay attention to the contract term when concluding a transaction in dollars or euros and select the appropriate CIRR value.
** If the Lender has provided a rate less than the maximum permissible nominal rate, then further calculations will be made from the nominal rate set by the Lender.
Direct borrower financing scheme (through STB, BRK, LC)