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Aspiring entrepreneurs of Almaty to receive additional funding

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Atameken National Chamber of Entrepreneurs of the Republic of Kazakhstan and Almaty akimat will launch micro-finance organisation by the end of the year to support aspiring entrepreneurs.

Atameken is also planning to rejuvenate Kazakhstan's business community this year, allowing schoolchildren to try their luck in entrepreneurship. Moreover, all the necessary knowledge on the basics    business Kazakhstani high school students will receive within the framework of the school programme.

"Starting September 1, a new subject called "Fundamentals of Entrepreneurship" was introduced in all schools of the country. We have also developed the Business Orientation programme for university students. So that students who want to start their own business can orientate themselves. We, as Atameken should explain to them what they can do to start their own business and implement their ideas," Timur Kulibayev said at the Fifth Congress of Entrepreneurs in Almaty.

As for the already established educational programmes of the National Chamber, till the end of the current year, 7,950 people will be trained in Almaty under the Bastau project, including 2,650 unemployed and unproductively employed youth. However, to provide at least half (2,700 people) of this potential list with microloans, 13.4 billion tenge is needed.

The Atameken proposed to review the conditions for the involvement of MFIs in the Enbek state program to increase the availability of microloans, and also supported the initiative of the akimat to create MFIs at the Social entrepreneurship corporations.

The Atameken is already implementing the work of microfinance organizations in several regions of the country, namely, in the Mangistau, Kostanay, Kyzylorda, Karaganda and Zhambyl regions. Since 2016, over 2,000 business projects have been financed, totalling over 9 billion tenge.


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