Guaranteeing within the Damu Optima State Program
Maximum amount:
up to 500 million tenge
Guarantee amount:
Not more than 85% of the Loan amount
Term
no more loan term
Product Description and General Terms:
Maximum loan amount:
For existing entrepreneurs – 500 mln tenge;
For start-up entrepreneurs – not more than 30 mln tenge;
Guarantee amount:
For existing entrepreneurs – not more than 50% of the loan amount;
For start-up entrepreneurs – not more than 85% of the loan amount;
Guarantee term: no longer than the loan term.
Fee payable to the Fund:
– One-time 2.5% of the amount of the issued Guarantee, not later than the date of signing of the Guarantee Agreement;
– until the end of the term of the Guarantee Agreement, the Entrepreneur shall pay to the Fund, on an annual basis, a 2.5% fee of the amount balance of the issued Guarantee;
Collateral:
Movable and immovable property, as well as guarantees of founders and third parties.
Special conditions:
Upon repayment/partial repayment of the Loan principal, the Guarantee amount shall be reduced by an amount equal to the principal repayment multiplied by the Participation Amount, unless otherwise agreed in the Guarantee Agreement.
