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More than 10 thousand entrepreneurs received support from"Damu Fund"

February 23, 2017 5:18 pm

There are 10 186 projects amounted to 650 billion tenge were supported by the "Damu" Fund program.

According to the concessional financing program, 7053 projects loan worth 336 billion tenge were supported through second-tier banks in 2016.

In 2016, 2029 projects received subsidizing interest rate on loan totalling 282 billion tenge.

Also, 1104 projects with collateral scarcity received credit guarantees totalling 32 billion tenge.

"Damu micro" is the most popular program among other new programs of "Damu" Fund. In 2016, there were 333 entrepreneurs that received micro-credit with a total value of 502,3 million tenge. This sector of wholesale and retail trade, repair of motor vehicles and motorcycles - 286 projects. The bulk of micro-credit accounts for KazMicroFinance LLC (KMF) - 286 projects. In second place on the micro-credit financing, has been issued by LLP MCO “Arnur Credit” - 37 projects. Other Microfinance organization "Toyota Financial Services Kazakhstan" is a partner of "Damu Fund", which issued 5 micro loans to entrepreneurs.

In 2016, according to "Damu Blitz" technology, 79 entrepreneurs got loans totalling 1,083 billion tenge ("Damu Blitz" technology, the so-called "quick loans" - from 7 to 10 days, through second-tier banks by "Damu" Fund programs).

According to the "Damu Optima" program, 28 projects received funding totalling 567 million loan. The total amount of guarantees - 172 million tenge ("Damu Optima" program is focused on those, who are not the target group of the "Business Road Map-2020" program. This means such business areas as trade, serices and catering. "Damu Optima" program also gives an opportunity to entrepreneurs who do not have sufficient collateral value to get a bank loan, using the guarantee of "Damu" Fund.

In 2016, 12 projects were able to open a franchise by the program of "Damu"Fund. Total amount of credit was 516 million tenge. Franchises were opened in areas such as professional, scientific and technical activities, wholesale and retail trade, repair of motor vehicles and motorcycles, education and etc.