Most microcredit issued in rural areas

According to the Ministry of Labor and Social Protection of the Population of the Republic of Kazakhstan, under the Program for the Development of Productive Employment and Mass Entrepreneurship for 2017–2021, “Enbek” will be allocated 45.3 billion tenges for loans in rural areas, and 17.3 billion tenges in cities.

In the current year, as part of the implementation of the fourth social initiative of the Head of State to expand the microcredit program, the volume of financing for microcredit was increased by 20 billion tenges and amounted to 62.6 billion tenges.

In total, in 2018, 14 thousand people are covered by microcredit (11 thousand in the countryside, 3 thousand in the cities). For 9 months of the current year, 8,492 microcredits were issued, of which in villages - 7,544, and 948 - in cities.

According to the “Bastau-Business” project, in 2018, it is planned to train 30,000 villagers and residents of small and single-industry towns in business skills. As of October 1, 2018, 21.6 thousand people were enrolled in entrepreneurship education or 72% of the plan.