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State lending terms

Damu Regions 3-1

Zhambyl Province LEB

Small Cities

Damu Regions 3

Business Roadmap 2020

Damu-Optima

The Mechanism of Lending Under Priority Projects

Purpose of projects

Investment and working capital financing. Working capital financing on a renewable basis is allowed. To confirm the purpose of the project, it is enough to release one type of goods from the List (link to the CCЕA List file), attached to a particular type of CCEA. For the service sector, reference to the CCEA types will be the criterion of compliance.

Business entity

Private entrepreneurs (small, medium and major business)

Interest rate on the loan

Up to 15% per annum

Subsidy amount

7% of nominal interest rate

Loan currency

Tenge

Maximum amount for one borrower

Unlimited*

Investment Subsidy Term

7 years, without further extension of the subsidy term

WCF Subsidy

Subsidized in the amount of up to 30% of a loan that has an investment goal of at least 70%

WCF Subsidy Term

3 years, without further extension of the subsidy term

Loan re-financing

Not provided

Current loans

Allowed are the loans issued by banks after the entry into force of the Decree of the Government of the Republic of Kazakhstan dated 11 December 2018 No. 820

* In the case of lending under a project in processing industry and services for more than 10 billion tenge or production and processing in the agro-industrial complex in the amount of 500 million tenge, a positive conclusion of the relevant industry central authorized body is required.

Damu Regions 3-1 Program

Loan essence:

Purchase and modernization of fixed assets, working capital financing

Loan currency:

Tenge

Maximum loan amount:

500, 000, 000 tenge

% rate:

AERR from 14%.

Loan term:

up to 82 months, but not later than 1/2/2022

Special terms:

Stable business, active for not less than 12 months (without interruption) prior to application submission.

According to Agreement with Damu EDF JSC No. 23 -ДРIII dated 19.02.2015

The Program of support of processing industry SME (the third tranche)

The procedure of the application review:

Client (documents) —Bank (30 days for taking a decision) — DAMU Fund (taking a decision on the loan) — loan issuance

List of documents (pdf)

Terms of Program (pdf)

Zhambyl Province Local Executive Body Program

Loan essence:

Issued to SME businesses in the Zhambyl Province

Loan currency:

Tenge

Maximum loan amount:

15, 000, 000 tenge

% rate:

5% per annum (annual effective rate of return from 5.1% per annum) *

Loan term:

Under loans issued for purchase of new fixed assets and their creation and modernization of fixed assets,

— up to 84 months, but not later than 3/12/2021.

Under loans issued for working capital financing — up to 18 months, but not later than 3/12/2021.

Special terms:

Stable business, active for not less than 12 months (without interruption) prior to application submission.

According to Agreement with Damu EDF JSC No. ПРФ -7/38 dated 3/12/2014

The Program of support of processing industry SME (the second tranche)

The procedure of the application review:

Client (documents) —Bank (30 days for taking a decision) — DAMU Fund (taking a decision on the loan) — loan issuance

List of documents (pdf)

Terms of Program (pdf)

The Program of support of SME in processing industry

The procedure of the application review:

Client (documents) —Bank (30 days for taking a decision) — DAMU Fund (taking a decision on the loan) — BSC (registration) — loan issuance

List of documents (pdf)

Terms of Program (pdf)

Small Cities Program

Loan essence:

the loan is issued to SME businesses in small cities (settlements with a population of not more than 70,000 people)

Loan currency:

Tenge

Maximum loan amount:

150, 000, 000 tenge

% rate:

AERR from 13.4%**

Loan term:

Up to 82 months, but not later than 20/10/2018

Special terms:

Stable business, active for not less than 12 months (without interruption) prior to application submission.

Damu Regions 3 Program

Loan essence:

Purchase and modernization of fixed assets, expenses on working capital

Loan currency:

Tenge

Maximum loan amount:

500, 000, 000 tenge

% rate:

AERR from 14.6%.

Loan term:

Up to 84 months, but not later than 1/2/2020

Special terms:

Stable business, active for not less than 12 months (without interruption) prior to application submission.

Subsidizing interest rate on private entrepreneurship loans under the Business Roadmap 2020 Program

Target segment

private entrepreneurship (PE), implementing and (or) planning to implement investment Projects in priority economy sectors according to the CCEA in Appendix No. 1 to RR No. 301 dated 13/4/2010.

The maximum amount of the loan under subsidizing

— 1, 500, 000, 000 tenge for one borrower;

— amounts of currency loans under interest rate subsidizing, cannot exceed the equivalent amount of 1.5 bln tenge for one borrower.

Participation of the borrower’s own funds in the Project implementation

— Up to 3 (three) years, with the possibility of further extension for up to 10 (ten) years; Extension of the validity term of the Agreement on subsidizing upon expiry of 3 (three) years is approved by the RCC decision based on the relevant Bank letter only if funds are allocated for subsidizing from the Republican budget for PE in the corresponding year and is performed annually.

Loan currency

Tenge (in cases the loan is issued in a foreign currency, it can be subsidized only if the loan currency is conversed into tenge, at the exchange rate set by the National Bank of the Republic of Kazakhstan)

Interest rate subject to Subsidizing

— Nominal interest rate not more than 14% per annum, of which 7% is paid by PE, and the difference is compensated by the state.***

Lending of private entrepreneurship businesses under Damu Entrepreneurship Development Fund JSC (Financial Agent) guarantees within the Business Roadmap 2020 Program

Target segment

private entrepreneurship (PE), implementing and (or) planning to implement investment projects in priority economy sectors according to the CCEA in Appendix No. 1 to RR No. 301 dated 13/4/2010.

The purposes of financing Projects subject to guaranteeing by the Financial Agent

1) Guarantees are provided by the Financial Agent only for new loans issued by Banks for implementation of new Projects, as well as for ongoing Projects aimed at investment, modernization and expansion of production. Loans guaranteed to refinance previously received loans are not allowed.

2) Guaranteeing cannot be performed for loans, issued for working capital financing, excepting cases

— provided in the Terms of provision of guarantees for loans to private entrepreneurship in the amount of not more than 20.0 mln tenge for first-time entrepreneurs, The Terms of provision of guarantees for private entrepreneurship loans in the amount of not more than 60.0 mln tenge;

— if working capital is financed within a loan for purchase and/or modernization of fixed assets and/or investment, but not more than 30% of the loan amount.

It is also allowed to guarantee a loan in the amount of not more than 60 million tenge directed 100% to finance working capital (except for settlements on payroll, tax and other obligatory payments, payment of current payments for servicing credits, loans or Leasing Agreements and other purposes, not related to carrying out by the applicant of its main activity).

Conditions for provision of guarantees under PE loans in the amount of not more than 20.0 million tenge for start-up entrepreneurs

1) The amount of the loan under which the Guarantee is performed cannot exceed 20 million tenge for one Start-up Entrepreneur.

2) The maximum amount of the guarantee cannot be over 70% of the loan amount, at that the Start-up Entrepreneur provides collateral of not less than 30% of the loan amount.

3) the guarantee term cannot exceed 5 (five) years;

It is allowed to guarantee a loan directed 100% to finance working capital (except for settlements on payroll, tax and other obligatory payments, payment of current payments for servicing credits, loans or Leasing Agreements and other purposes, not related to carrying out by the Start-up Entrepreneur of its main activity). The term of guarantees under these loans cannot exceed 3 (three) years.

Conditions for provision of guarantees under PE loans in the amount of not more than 60.0 million tenge

1) The amount of the loan under Guarantee, cannot exceed 60 mln. tenge for each individual Project. 2) The maximum amount of the guarantee cannot be over 50% of the loan amount, at that the Start-up Entrepreneur provides collateral of not less than 50% of the loan amount. 3) The guarantee term cannot exceed 5 (five) years;

Conditions for provision of individual guarantees under PE loans in the amount from 60.0 to 300, 000.00 million tenge (including)

1) The amount of the loan under Guarantee, cannot exceed 300 mln. tenge.

2) The maximum amount of the guarantee cannot be over 50% of the loan amount, at that the Start-up Entrepreneur provides collateral of not less than 50% of the amount.

3) the guarantee term cannot exceed 3 (three) years;

4) It is allowed to guarantee a loan, issued to finance working capital, except when working capital financing is performed within a loan for investment, purchase and/or modernization of fixed assets, but not more than 30% of the total loan amount.

Participation of the borrower’s own funds in the Project implementation

By projects with the loan amount of not more than 60 mln. tenge PE should provide participation in the Project implementation of:

— own funds not less than 10% (ten percent) of the total cost of the Project implementation, or own movable / immovable property at a level not lower than 20% (twenty percent) of the total cost of the Project implementation.

Guarantee term

Not more than 3 (three) and 5 (five) years according to the Program terms (at that the guarantee term is equal to the term of the loan issued by the Bank)

Loan currency

Tenge (in cases the loan is issued in a foreign currency, it can be subsidized only if the loan currency is conversed into tenge, at the exchange rate set by the National Bank of the Republic of Kazakhstan)

Special terms

Financial Agent can only guarantee loans with a nominal interest rate of not more than 14% (fourteen per cent) per annum.****

Damu-Optima Program

Eurasian Bank JSC and the Damu Entrepreneurship Development Fund JSC (hereinafter – the Fund) announce the signing of the Agreement under the DAMU-OPTIMA Guarantee Program, developed to provide access to bank financing for entrepreneurs from non-priority economy sectors within the Business Road Map 2020 unified program for support and development of business or those that do not meet its criteria, as well as guaranteeing under projects aimed at opening a franchising business.

The issue of lack of collateral in obtaining a loan is urgent for all entrepreneurs. If earlier, entrepreneurs implementing projects in priority sectors could use the Damu Fund’s guarantees under the Business Road Map 2020 Program to cover the pledge, the rest had to provide pledges of third parties. The new Damu-Optima program is precisely designed to fill this gap. Now an entrepreneur from any business area will be able to receive a guarantee from the Damu Fund by selecting the BRM-2020 or Damu-Optima program.

Terms of guarantees for active entrepreneurs:

  • Guarantee amount – not more than 50% of the loan amount.
  • Loan amount:

– for working capital financing – up to 60 mln tenge, with the guarantee term of up to 36 months,

– for investment – up to 180 mln tenge, with the guarantee term of up to 60 months.

Terms of loan guarantees for entrepreneurs, planning to open a franchise business:

  • Guarantee amount:

– up to 20 mln tenge — not more than 70% of the loan amount,

– over 20 mln tenge — not more than 50% of the loan amount.

  • Maximum loan amount – up to 80 mln. tenge.
  • Guarantee term:

– for working capital financing — up to 36 months,

– for investment — up to 60 months.

* Description of Bank products – commercial loan products of Eurasian Bank JSC (Corporate and SME) approved by the Eurasian Bank Management Board Minutes No. 23 dated 12 June 2015

**Decision of the Eurasian Bank Main Credit Committee No. 55/08 dated 15/12/2011

*** The Regulations on subsidizing interest rates on loans to private entrepreneurship within the Business Road Map 2020 Program of Eurasian Bank JSC approved by decision of the Management Board No. 44/01 dated 7/12/2011

**** The Regulations on loans to private entrepreneurship under the guarantee of Damu Entrepreneurship Development JSC within the Business Road Map 2020 Program of Eurasian Bank JSC approved by decision of the Management Board No. 08/01 dated 4/3/2013

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