1% concessional lending

1% preferential lending
for entrepreneurs of Shymkent

On March 13, 2019, it was decided to implement the Special Plan for the development
of women's and youth entrepreneurship in Shymkent "Men kasipken bolamyn!" for 2019-2021
by the Decision of the Akim of Shymkent No. 13 (Hereinafter – the Special Plan).

According to the Rules for 1% concessional lending, the bank issues loans at 7%, JSC "Shymkent SEC"
subsidizes the interest rate by 6% and, accordingly, the entrepreneur pays 1.0%.

In December 2019, the Rules for preferential 1% lending of a Special plan were updated, in part:
- increase of the maximum amount from 5 million tenge to 10 million tenge,
- for young people, an increase in the registration period for an individual entrepreneur or a legal entity from one year to three years,
- removal of restrictions on the industry purpose of the business.

These changes in the Special Plan were made by the Order of the Akim of Shymkent city No. 39 dated 04/06/2020.

Conditions
  • Intended use: Investments and replenishment of working capital.
  • Business entities (sole proprietors/LLP) registered in Shymkent.
  • Young entrepreneurs from 21 to 35 years old have a state registration period of no more than 3 years.
  • A female entrepreneur is up to 58 years old, the period of state registration is unlimited.
  • Collateral lending.

Mechanism for providing 1%
Preferential loans for entrepreneurs in Shymkent

Businessman

An entrepreneur applies to the SPK's Front Office for a referral

Front Office SPK

An entrepreneur with a direction of the SPK Front Office applies to the Bank

Bank

The bank decides on the possibility of providing a micro-loan, then the documents are sent to the operator

SPK «Shymkent»

SPK "Shymkent" sends the participant's documents to the RCC for making a decision on subsidizing the micro-loan

Commission

The RCC makes a decision on the provision of subsidies

Contract

A subsidy agreement is concluded between the entrepreneur, the Bank and the SPK with subsequent Monitoring of the project Implementation

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