Damu Ondiris 2 (tranche 3)

Product Description and General Terms

• Target Segment

Small and medium-sized enterprises (SMEs) that qualify as such under the legislation of the Republic of Kazakhstan and are implementing their projects in the manufacturing industry as per the appendix

• Maximum limit per end borrower

Up to 3.6 billion tenge, except for projects in the food industry, for which no limit applies.

• Loan term

— For loans issued for investment purposes or for refinancing existing loans previously directed toward investments — no more than 120 months;


— For loans issued to replenish working capital or for refinancing existing loans previously directed toward working capital — no more than 60 months 

• Purpose of the loan

— Investment;

— Replenishing working capital;

— Refinancing previously issued loans not part of the financial support programs for entrepreneurs (the State Business Support and Development Program "Business Roadmap 2020," health improvement programs of the Ministry of Finance of the Republic of Kazakhstan, and JSC KazAgro, in accordance with Government Decrees of the Republic of Kazakhstan No. 354 dated 14.04.2014 and No. 1276 dated 05.12.2014), provided these loans were issued at least one year before the date of application for refinancing at a second-tier bank.

• Loans to end borrowers are prohibited for

— Participation in the share capital of legal entities;

— Reimbursement of previously incurred expenses;

— Purchase of fixed assets or assets from affiliated/related companies/persons.

• Nominal loan interest rate

6% per annum

• APR

From 6.2%.

• Loan currency

Tenge

• Credit line availability period

Up to 1 (one) year

Program participants cannot include small and medium-sized enterprises

— Those implementing projects involving the production of excisable goods.

Legal entities whose founders (including participants, shareholders) are national management holdings, national holdings, national companies, and organizations, 50 percent or more of whose shares (equity participation in the authorized capital) belong directly or indirectly to the state, a national management holding, a national holding, a national company, as well as non-profit organizations.

Who can participate in the program

Small and medium-sized enterprises (SMEs) implementing their projects in the manufacturing industry,

which are listed below.

Industries
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