Guaranteeing within the Damu Optima State Program
Maximum amount:
up to 180 million tenge
Guarantee amount:
no more than 50% of the loan amount
Term
defined in a bank loan agreement
Loan purpose:
purchase of fixed assets;
financing working capital
How to apply
1
Consulting
2
Preparation of documents
3
Submitting an application
4
Approval
Target segment:
small and medium enterprises.
Guaranteed loan terms
Maximum loan amount – up to 180 million tenge
Purpose of loan – investments, purchase of fixed assets, financing working capital
Term – defined in a bank loan agreement
Grace period for repayment of interest and principal: the program is not limited to, it is determined in the bank loan agreement / agreement on opening a credit line.
Procedure for repayment of principal and interest: the program is not limited to, it is determined inthe bank loan agreement / agreement on opening a credit line.
Limitations:
1.relevant state guarantee programs implemented by the fund *;
1) appropriate to the type of economic activity: “64-66 – Financial and insurance activities”.
2) Participation of the entrepreneur in the implementation of the project by his own means (money; movable / immovable property, including property of third parties involved in the implementation of the project) in the amount of at least 20% of the total cost of the project.
2.Any property participating in the project is considered as own participation.
The presence of a pledge of money as collateral is considered as own participation in the project.
* By decision of the board, it is allowed to provide guarantees for loans that meet the conditions of state programs, due to the absence and / or full development of budget funds (transfers) of the current year allocated for the implementation of state programs in the corresponding region.
Currency: tenge
Collateral for the performance of obligations of an entrepreneur to a bank on a loan:
- 1. The requirements for collateral for a loan are established by the bank independently in accordance with the bank’s collateral policy.
- Collateral in the amount of at least 50% of the collateral value of the loan amount, reflected in the decision of the authorized body of the bank.
- An entrepreneur shall, within the time agreed by the bank, be obliged to provide, as additional security, all movable and / or real estate acquired through a bank loan issued for investment purposes.
Guaranteed loan general conditions
Guarantee amount: no more than 50% of the loan amount.
Term: defined in a bank loan agreement
Ensuring the fulfillment of the obligations of the entrepreneur to the fund under the guarantee:
As a guarantee for the fulfillment by the entrepreneur of the obligations under the guarantee, the fund may accept security for movable / immovable property, as well as guarantees of the founders and third parties.
It is allowed that the fund accepts as security for a guarantee any real estate and / or movable property that is not accepted by the bank as security for the loan of the entrepreneur due to its inconsistency with the bank’s pledge policy or the adequacy of the security for the loan.
Fund commission paid by the entrepreneur:
- Not later than the date of signing the guarantee agreement, the entrepreneur pays the fund a one-time commission in the amount of 2.5% of the amount of the issued guarantee.
- Prior to the expiration of the guarantee contract, the entrepreneur pays the fund an annual fee of 2.5% of the remaining guarantee amount.
- The entrepreneur can pay the fund an annual commission in full for the entire period of the guarantee agreement.
- The bank has the right to pay the fund for the entrepreneur any fees and / or penalties accrued by the fund to the entrepreneur at one time or on an annual basis.
Special conditions:
1. In case of full / partial repayment of the principal loan debt, the guarantee amount is reduced by an amount equal to the principal debt repayment amount multiplied by the participation amount, unless otherwise specified in the guarantee agreement
- It is allowed to establish additional requirements and conditions by decision of the authorized
body, including the conditions under which failure to fulfill the guarantee is terminated / canceled.
