JSC "Baiterek National Management Holding" was established in accordance with the Decree of the President of the Republic of Kazakhstan No. 571 of 22 May 2013 “On some measures to optimize the management system of development institutions, financial organizations and development of the national economy” and Regulation of the Government of the Republic of Kazakhstan No. 516 of 25 May 2013 “On measures to implement the Decree of the President of the Republic of Kazakhstan No.571 of 22 May 2013”.
One of the key tasks of the Holding is ensuring effective and mutually complementary operation of the group of companies included in it.
"Damu" Entrepreneurship Development Fund" JSC was established based on the Decree of the Government of the Republic of Kazakhstan of 26.04.1997 № 665 "On the establishment of small business development fund" .
Before 2001 the Fund was functioning as an agent for the Management of the state budget funds for the Program of measures to support domestic commodity producers, and for loan facilities of the European Bank for Reconstruction and Development and the Asian Development Bank.
Since 2002, the Fund began lending to small businesses directly from its own funds. "Damu" Fund had implemented the "Lending program for small businesses from the national budget" and "Small towns’ development program for 2004-2006".