More than 7,900 rural residents received microcredits in the framework of the Employment and Mass Entrepreneurship Program this year
Today, during the meeting of the Government of the Republic of Kazakhstan, the results of socio-economic development and implementation of the Republican budget for the first 9 months of 2018, the progress of the implementation of the Five Social Initiatives, and the course of privatization were reviewed.
Madina Abylkasymova, Minister of Labor and Social Protection of the Republic of Kazakhstan, spoke on the implementation of the Fourth Social Initiative - microcredit development.
As noted earlier, as part of the implementation in the current year, financing for microcredit increased by 20 billion KZT, including for micro-crediting in cities - 6 billion KZT, in villages - 14 billion KZT. Taking into account the additionally allocated funds, the total amount for microcredit amounted to 62 billion KZT.
Thus, taking into account the implementation of the initiative of the President, this year the coverage of microcredit will be 14 thousand people. By the way, microlending is being implemented as part of the second direction of the Program for the Development of Productive Employment and Mass Entrepreneurship for 2017-2021.
“As the Head of State emphasized, microcredit is especially important for increasing the income of the self-employed and unemployed population. As part of microcredit, 7,914 people from among the self-employed and 979 unemployed were given the opportunity to do business, as well as to formalize their activities. Since the beginning of the year, 8,893 microloans have been issued, of which 7,901 in rural areas, 992 in urban areas. The average size of microloans in rural areas is 3.5 million KZT, and 10.6 million KZT in cities, ”said Minister Madina Abylkasymova.
Thus, the microcredit recipients additionally created more than 8,250 jobs. In general, in the context of industries, microcredits were directed to the development of agriculture, forestry and fishery, transport and warehousing, accommodation and food services, manufacturing, wholesale and retail trade, and construction.
The best indicators by disbursement of regions were achieved in Almaty (87%), Almaty (72%), West Kazakhstan (69%), Zhambyl (66%) regions.
One of the effective measures to increase the number of entrepreneurs in the framework of the Program is to teach the basics of business under the “Bastau-Business” project. So, for 9 months of this year. the training covered 24.1 thousand people or 80.3% of the annual plan, of which 13.4 thousand participants defended their business projects, of which 4.1 thousand people received microcredits.
Taking into account the practical implementation of the Program in the current year, as well as in order to accelerate the delivery of microcredits to final borrowers, the Program has prepared changes, including an increase in the size of microcredit in rural localities for the development of anchor cooperation, reduction of job creation requirements for microcredit recipients the inclusion of rules for guaranteeing entrepreneurs - participants of anchor cooperation, where the period of state registration with the tax authorities is more than three years.