MICROFINANCE ORGANIZATIONS WITH “ATAMEKEN” PARTICIPATION WILL APPEAR IN ALL REGIONS OF THE COUNTRY
MFIs will issue loans to start a business on preferential terms. In particular, in the framework of the Program for the Development of Productive Employment and Mass Entrepreneurship for 2017-2021.
This was announced by the Minister of National Economy of Kazakhstan Timur Suleimenov, speaking at a government meeting.
“This year, in order to support start-up entrepreneurs, current entrepreneurs were excluded from the program’s borrowers. At the same time, in the opinion of second-tier banks, the orientation of the program to start-up entrepreneurs increases the risks of irretrievable loans. This measure has significantly reduced the participation of banks in the program,” - Timur Suleimenov said.
In this regard, this year Atameken proposed to create an alternative infrastructure for concessional lending in the regions, bypassing bank financing.
Timur Suleimenov said that at present, with the participation of the National Chamber of Entrepreneurs "Atameken", microfinance organizations have already been established in Kostanay, Zhambyl, Kyzylorda and Mangystau regions.
“Due to the fact that an alternative microlending scheme has been introduced to bypass banks, the category of participants will be supplemented again by existing entrepreneurs. In addition, requirements for job creation by recipients of microcredit will be reduced,” - Timur Suleimenov explained.
Please, join our Telegram channel to stay up to date on the latest news.
Leave comment:
Comments: