Isker Aimaq Unified Small Business Support Program (subsidization)

Terms

• Target group: micro and small business entities
• Purpose: investment/working capital replenishment.
• Maximum loan amount: up to 200,000,000 tenge
• Currency: KZT/ tenge
• The interest rate on the loan is the NBRK base rate +4%; In case of reduction of the NBRK base rate below 16.5%, the rate paid by the entrepreneur is set at 12.3%, and the difference is subsidized by the financial agency
• The interest rate paid by the ultimate borrower is at least 13.2%, with a reduction in the NBRK base rate of at least 12.6%.

• Subsidy amount: The government subsidizes 40% of the nominal interest rate.
• Subsidy period: up to three (3) years

Counter obligations

• for investment purposes:

— creation of new jobs for every one hundred (100) million tenge of the loan, but not less than one workplace for each project - based on the results of two (2) financial years following the year of receiving support;

— mandatory increase in income not lower than the level of accumulated inflation based on the results of one financial year and on an annual basis until the end of the subsidy period;

• for working capital replenishment:

— mandatory increase in income and salary fund not lower than the level of accumulated inflation based on the results of one financial year and on an annual basis until the end of the subsidy period.