Available micro-loans for Kostanai region
Entrepreneurs from single-industry towns of the region will get access to micro-loans
The National Chamber of Entrepreneurs of Kazakhstan "Atameken", the Eurasian Group (ERG) and akimat of Kostanai region have signed a memorandum on mutual cooperation.
The authorities and NCE agreed to establish a regional microfinance institution (RMFI) for lending to small businesses in order to provide employment, and further stimulate the production of goods and services on the Kazakh market.
The Eurasian Group will allocate to the National Chamber of Entrepreneurs "Atameken" 300 million tenge. Funding, provided by the ERG, will be primarily directed for the population of the town Rudnyi, including employees of JSC "SSGPO" and projects, organized by them in Kostanai region.
Akimat will co-finance the project in the amount of 300 million tenge, and it will assist in the organization of micro-loans. In general, residents of single industry towns Rudni, Arkalyk, Lisakovsk will be able to get loans.
"Eurasian Group contributing to the sustainable development of the regions for many years, where our enterprises are located. We are pleased to be involved in the new project of "Atameken" and we hope that its implementation will help residents of Kostanai region to open their own business, and to create here the infrastructure for support of SMEs. After all, this means creation of new jobs and improvement of social well-being of our citizens", - said the chairman of the Board of Managers of ERG Alexander Mashkevich.
According to the Chairman of the Board of NCE RK "Atameken" Ablay Myrzakhmetov, thanks to the interest of large companies to the project, the volume of the portfolio of the National Chamber will be increased up to 5-7 bln. It is the money that will be allocated for micro-loans.
"We carry out the order of which was given by the head of state – to help small business through big business. Today, there are two key issues raised by the business at all levels. It is low demand, all feel the compression of demand and the availability of money. And today, the interests of all three parties coincide. "Atameken" assures that the operators of the program will do it! We set a time limit - no more than a month that a person can get a loan. We have offices in each district, infrastructure, personnel, and our experts will not only provide loans, but also help in drawing up a business plan, the things with which people experienced difficulties in rural areas", - said Ablay Myrzakhmetov.
As it was stated, in turn, by Akim of Kostanay region Archimed Mukhambetov "measures taken in the framework of the Memorandum will allow lending to small businesses under the simplified system, namely, the formation of small businesses, which remains outside the interests of the banking sector".
According to the analysis, which was conducted by NCE, microcredit organizations, which operate in Kazakhstan now, provide finance resources at the interest rate of 56%, which is often too high for starting small businesses.
At microfinance organizations of NCE, entrepreneurs will receive loans of up to 15 million tenge, with an interest of up to 7% per annum and for a period up to 36 months, they will be available for legal persons, peasant (farmer) farms, individual entrepreneurs and individuals, who have private farms.
In terms of lending, movable and immovable property will be taken as a collateral: land, vehicles and agricultural machinery, livestock, as well as guarantees and sureties of third parties. A flexible loan repayment system will be applied: monthly, quarterly, every six months, once a year, depending on the loan amount and purpose.
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