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News

The pharmaceutical industry is rapidly evolving in Kazakhstan. Domestic manufacturers of drugs have great potential for development. Pharmaceutical company the "Romat" - a bright example of it.

The “Rola-7" enterprise is located in the Kyzyl Zhuldyz village of Baizak district of Zhambyl region. In a short period, the company has managed to become a major manufacturer of bakery products in the region. The factory produces about 40 types of products. Capacity - up to 30 tons of products per day.

The company is located in special economic zone "Ontystik" and have been financed by the National Fund of the Republic of Kazakhstan, allocated to the "Damu" Fund in 2015 as part of the third tranche. The total amount of the loan to "AlemBT" LLP through "Halyk Bank of Kazakhstan" was 1.5 billion tenge, at the rate of 6% per annum. The funds have been spent on construction of the factory and the acquisition of the South Korean equipment line.

During the implementation of the "Business Road Map - 2020» program 102 businesswoman received support in the form of subsidies of the interest rate on loans. In other words, every third project received concessional financing, realized by businesswoman. At present, the total amount of reduction in cost of the loan portfolio is 2.1 billion tenge, the average size of the loan attracted by businesswoman within the Program constitute to 20.6 million tenge.

The "Damu" Fund held a ceremony awarding the winners of "Success guaranteed-2!", which has been held for the second time.

The first stage of the projects "Support for entrepreneurial initiatives of students" and "Support for setting up a new business" are finished in Kyzylorda city. Their participants have completed training courses and have submitted applications for further training from mentors, who were attracted by the "Damu" Fund from among successful entrepreneurs.

Program to loan entrepreneurs using factoring as well as financing of franchising operations Program, developed by the "Damu" Fund, have been approved at a regular official meeting of the Board of Directors of the "Damu" Fund, chaired by Bakitzhan A. Sagintayev.

If for someone, the crisis is a problem, for others - the opportunities and new perspectives. Example of this – an entrepreneur from Taraz city Ahmed Aliyev, who, despite the difficult economic period, not only reduced the scale of production at the enterprise, but also increased its turnover.

An entrepreneur from Almaty city Murat Tolybayev produces metal doors, gates and other constructions for years. He uses local raw materials in his production. In order to purchase of new equipment for the gate manufacture entrepreneur needed a loan for a total amount of five million tenge. He learnt from media about the new technology of financing "Damu-Micro" and appealed for the "Damu" Fund.

A regular meeting of the Regional Coordinating Council in the framework of the Unified Program of Support and Business Development "Business Road Map - 2020" held in Kyzylorda city. During the meeting, seven projects of Kyzylorda’s entrepreneurs have been approved for a total amount of 145.5 million tenge to subsidize the interest rate on the loan. Three projects will also be presented with the guarantee from the "Damu" Fund to address the lack of collateral.