1% preferential lending for entrepreneurs of Shymkent
On March 13, 2019, a decision was made 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 the city of Shymkent No. 13 (Hereinafter-the Special Plan).
According to the Rules for 1% concessional lending, the bank issues loans at 8.5%, JSC "SPK "Shymkent" subsidizes the interest rate by 7.5% 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 in the maximum amount from 5 million tenge to 10 million tenge,
- for young people, the increase in the registration period of an individual entrepreneur or 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 the city of Shymkent № 39 of 06.04.2020.
✓ Intended use: Investments and replenishment of working capital.
✓ Business entities (sole proprietors/LLPs) registered in Shymkent.
✓ Young entrepreneurs from 21 to 29 years old the term of state registration is not more than 3 years.
✓ A woman entrepreneur is up to 58 years old, the term of state registration is unlimited.
✓ Collateral lending.
Mechanism for providing 1% Preferential loans for entrepreneurs in Shymkent
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
The bank decides on the possibility of providing a micro-loan, then the documents are sent to the operator
SPK "Shymkent" sends the participant's documents to the RCC for making a decision on subsidizing the micro-loan
The RCC makes a decision on the provision of subsidies
A subsidy agreement is concluded between the entrepreneur, the Bank and the SPK with subsequent Monitoring of the project Implementation