Representatives of ‘Damu’ Fund held a meeting with the entrepreneurs from Astana. The purpose of this traditional event is to inform the public about existing instruments of state business. Entrepreneurs are able to obtain loans through second-tier banks at the expense of Single Accumulative Pension Fund from the beginning of the year. In order to replenish the working capital of the business, entrepreneurs can take out a loan in the amount of 4.5 billion tenge, while the government subsidizes the 7% rate on the loan.

 

Edige MARGULAN, DEPUTY DIRECTOR, ASTANA BRANCH OF DAMU FUND:

 

If the business is realized in a single industry town or village, an entrepreneur can obtain subsidies of 10%. The state can act as a guarantor represented by Damu fund providing up to 360 million tenge.

 

Photo: forbes.kz

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