The first small business project in Almaty region received support in the form of portfolio subsidies and guarantees!

The first small business project in Almaty region received support in the form of portfolio subsidies and guarantees!

As part of the first direction "Support for small businesses, including micro - entrepreneurship" of the "business Roadmap 2025" program, the Damu Foundation supported the project of IP Imamniyazova.

the Company sells mainly food and beverages in the village of Shelek, Enbekshikazakh district. FE "Imamniyazova" plans to run the "Social assistance".

JSC "Halyk Bank of Kazakhstan" opened a credit line to the Entrepreneur in the amount of 5 million tenge for replenishment of working capital at the interest rate of 17.5%. At the same time, the collateral for the credit line was the portfolio guarantee of the Damu Fund, issued on 05.10.2020 in the amount of 85% of the credit line amount. The company also plans to reduce the loan rate to 6% due to portfolio subsidies.

Starting from July 30, 2020, the first direction of the Program provides financial support in the form of portfolio subsidization of the remuneration rate and partial guarantee on loans from banks and micro-loans from microfinance organizations.

Small and microenterprises can get loans for investment and replenishment of working capital in the amount of no more than 20 million tenge without industry restrictions. Taking into account the subsidy, the final remuneration rate for entrepreneurs will be 6%. As collateral for the loan, entrepreneurs can use the guarantee of the Damu Fund in the amount of 85 % of the loan amount. In this case, the guarantee obligation is issued by the Fund within one day.

Under the second direction of the Program, effective entrepreneurs and subjects of industrial and innovative activities without industry restrictions, except for investment projects in the field of trade, will be able to get a loan of up to 7 billion tenge, at a remuneration rate of 6% due to state subsidies. At the same time, the loan amount for working capital replenishment should not exceed 500 million tenge, and in the field of trade – no more than 100 million tenge.