The first loan under the microcredit program is approved in North Kazakhstan region

On September 22, in Petropavl, the first loan was issued under the Business Road Map 2025 program for microcrediting small and microenterprises.

Alfa Bank branch in Petropavl approved the project of IE “Yakovkin T.E.” for the purchase of material for the wood sawing and planing business. The loan rate was 17.5% per annum, of which 11.5% per annum will be subsidized by the Damu Fund, and the remaining 6% per annum will be paid by Timofey Yakovkin. The guarantee of the Damu Fund in the amount of 85% of the loan amount was provided as the only collateral.

Subjects of micro and small business can become participants of the program without industry restrictions. The interest rate on a loan for an entrepreneur will be 6% per annum, the guarantee of the Damu Fund will be 85% of the loan amount.

The first loan under the microcredit program is approved in North Kazakhstan region

Posted: 13.02.2021 - Last modified date: 13.02.2021