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The Department for the Coordination of Employment and Social Programs of the East Kazakhstan region informs about the continuation of accepting applications for the youth microcredit program in the East Kazakhstan region. In total, 218 micro-loans are planned to be issued during the year.
The youth microcredit program is implemented by the Ministry of Labor and Social Protection of the Population within the framework of the National Project on Entrepreneurship Development for 2021-2025. 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. Representatives of working youth can also participate in the program.
Young entrepreneurs can get a loan of up to 5 million tenge with a maturity for projects in the field of animal husbandry – up to 7 years, for other business lines - up to 5 years, at a nominal interest rate of 2.5% per annum. There is a grace period for repayment of the principal debt and remuneration up to one-third of the duration of the micro-loan.
A prerequisite is the availability of collateral. Movable (specialized equipment) and immovable property are accepted as collateral. In the absence of collateral, it is possible to attract a Pledgor.
To apply, you must submit the documents to the branch of JSC "Agrarian Credit Corporation". Branch addresses are listed on the website agrocredit.kz .
Required list of documents:
- identity document;
- business plan for the project;
- certificates from the servicing bank about the availability of an account;
- certificates on the availability of loan debt, including overdue, from financial organizations (if loans are available);
- a document confirming the salary and (or) other income of the participant/applicant (an extract from the accumulative pension fund), if available;
- report on the valuation of property provided as collateral;
- documents on the pledger and collateral.
Microcredits are issued for any purpose, with the exception of the following:
- purchase, construction or repair of residential real estate (including temporary/permanent dwellings for livestock breeders), purchase of land plots (with any purpose);
- acquisition of securities (portfolio investments);
- production or acquisition of weapons (including components for the production of weapons), narcotic substances or other property withdrawn from civil circulation;
- organization and (or) development of gambling business;
- activities related to terrorist and any other activity prohibited by the legislation of the Republic of Kazakhstan;
- production of excisable goods/products, with the exception of projects involving the production of motor vehicles and the production of wine from grapes of own production;
- purchase of tobacco and/or alcohol products;
- repayment of accounts payable;
- personal consumer goals that are not related to running a business.
The decision to issue a micro-loan is made by a commission established under the Akimat, which includes deputies of maslikhats, representatives of government agencies, the Chamber of Entrepreneurs "Atameken", the business community, and the media. Applicants will present their business project at a meeting of the commission, which will evaluate business projects and select the most promising ones.
Thus, the decision to grant a micro-loan is made on a commission basis, based on clear criteria for assessing the thoroughness of applicants' business projects. The project should be relevant, reasoned, economically justified, socially significant, viable, with a clear action plan.
The Agrarian Credit Corporation acts as an attorney (agent) within the framework of the youth microcredit program and implements the functions of accepting documents, evaluating a business project, preparing loan and collateral agreements, transferring the loan amount to the borrower, verifying the intended use of the loan, monitoring collateral, making settlements with borrowers, accepting payments from borrowers, working with overdue debts, etc. submission of reports to the authorized bodies.
Addresses and contacts for consultation and application:
- Branch of JSC "Agrarian Credit Corporation" Ust-Kamenogorsk, Kabanbai batyr str., 51 d.;
- tel. 8 701 006 16 51.
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