Holding a meeting of the Commission for the selection of business projects for micro-crediting of youth within the framework of an entrepreneurial initiative

On August 18, 2023, the Department for the Coordination of Employment and Social Programs of the West Kazakhstan Region is scheduled to hold a meeting of the Commission for the Selection of business projects for micro-crediting of youth within the framework of an entrepreneurial initiative (hereinafter referred to as the Commission)

Applicants for a micro-loan will be informed additionally about the time and place of the Commission meeting.

The Ministry of Labor and Social Protection of the Population of the Republic of Kazakhstan has made additions to the Rules on the organization and financing of measures to promote entrepreneurial initiative on micro-crediting of youth.

Microcredit is aimed at supporting young entrepreneurs aged 21 to 35 years, whose registration period as an individual entrepreneur at the time of application does not exceed 5 years. Young entrepreneurs can get a loan of up to 5 million tenge with a maturity of up to 5 years at a nominal interest rate of 2.5% per annum.

In 2023, it is planned to provide 238 microcredits for young people in the West Kazakhstan Region.  Applications are accepted by the branch of JSC "Agrarian Credit Corporation" in the West Kazakhstan region at the address: Uralsk, Mukhita str., 27/2 (phone for inquiries: 8 701-006-11-75).