Entrepreneurship development

The development of Agriculture, support for entrepreneurs in rural areas are important for both the local population and the state. This is due to the fact that agriculture is the root of the country's economy. In the concept of entrepreneurship development, the concept of financing is parallel. In this regard, the president of the country Kassym-Jomart Tokayev in his address this year: «...After the implementation of anti-crisis measures, in which 6.3 trillion tenge was spent, there was an excess of money in the economy. However, today there are areas where the allocated funds are not yet available. Second-tier banks do not invest in small projects, especially in rural areas. Therefore, it is necessary to activate the potential of microfinance organizations. They work locally. He knows his customers, their business and opportunities." Indeed, one of the main goals of microfinance organizations is to finance the rural population and rural entrepreneurs. As an example, we can mention KMF, the largest microfinance organization in Central Asia and Kazakhstan. The total loan portfolio of this organization, which came to the market 24 years ago, amounted to more than 130 billion tenge. In total, 68% of its clients are rural people. At the same time, more than 183 thousand jobs have been created by our business compatriots, who have started their business with the financing of KMF, and the income of more than 90 thousand people is now in animal husbandry and agriculture.
Yesterday, a meeting of representatives of this KMF and employees of the kegen district akimat was held. During the meeting, issues of supporting local entrepreneurs, organizing measures to improve financial literacy were discussed. According to the data provided by KMF specialists, the loan portfolio of Kegensky district in this organization is 1 1 billion 809 million. tenge. Of this amount, 92% (2353 people) were allocated for agriculture, 7% (181 people) for business development and 1% (27 people) for consumer purposes.