Single comprehensive program

Eligible entities

Small businesses, including micro-enterprises

Industry

STB loans are available to all industries except pawnshops, microfinance, factoring, and leasing companies. Additionally, trading activities are excluded, except for food product trade.

According to the list of priority sectors of the economy – for microloans issued by microfinance organizations

Maximum loan amount

Investments – up to 20 million tenge. Working capital replenishment – up to 5 million tenge

Loan subsidy amount

The base rate of the National Bank of Kazakhstan + 7%, of which 8% is paid by the entrepreneur, and the rest is subsidized by the state

For projects implemented in villages, single-industry and small towns – the base rate of the National Bank of Kazakhstan + 7%, of which 7% is paid by the entrepreneur, and the rest is subsidized by the state

Microloan subsidy amount

The remuneration rate is 28%, with subsidies covering 50%.

Loan term

1. Investments – 3 years, with non-extendable subsidy period

2. Working capital replenishment – 2 years, with non-extendable subsidy period

Eligible entities

Entrepreneurs undertaking or intending to execute their own impactful projects in priority sectors of economic activity, regardless of their place of registration as outlined in the Priority Sectors List

Maximum loan amount

The loan amount for a single entrepreneur must not exceed 3 billion tenge. If multiple affiliated entrepreneurs receive a loan for a joint business project, the total amount cannot surpass 3 billion tenge

Subsidy amount

The base rate of the National Bank of Kazakhstan + 5%. Specifically:

·         For the first 3 years, the entrepreneur pays 8%, and the rest is subsidized by the state.

·         In the 4th year, the entrepreneur pays 9%, and the rest is subsidized by the state.

·         By the 5th year, the entrepreneur pays 10%, and the rest is subsidized by the state.

For the service and other sectors – base rate of the National Bank of Kazakhstan + 5%, of which 9% is paid by the entrepreneur and the rest is subsidized by the state.

Loan term

1. For the manufacturing industry – 5 years, with non-extendable subsidy period.

2. For service provision and other types of activities – 3 years, with non-extendable subsidy period.

3. For working capital replenishment – 3 years, with non-extendable subsidy period.

Refinancing

Loans or leasing agreements with a duration of up to 2 years from the initial issuance date are eligible for refinancing.

Eligible entities

Entrepreneurs undertaking or intending to execute their own impactful projects in priority sectors of the economy, irrespective of their registration location, as outlined in the List of Economic Activities for manufacturing, electricity supply, gas, steam, air conditioning services, and mining industries.

Maximum loan amount

The loan amount for a single entrepreneur must not exceed 15 billion tenge. If multiple affiliated entrepreneurs receive a loan for a joint business project, the total amount cannot surpass 15 billion tenge.

Subsidy amount

The base rate of the National Bank of Kazakhstan + 5%. Specifically:

·         For the first 3 years, the entrepreneur pays 8%, and the rest is subsidized by the state.

·         In the 4th year, the entrepreneur pays 9%, and the rest is subsidized by the state.

·         By the 5th year, the entrepreneur pays 10%, and the rest is subsidized by the state.

For the service and other sectors – base rate of the National Bank of Kazakhstan + 5%, of which 9% is paid by the entrepreneur and the rest is subsidized by the state.

The outlined subsidy procedure is applicable to projects listed under the Priority Economic Activities List. During the 6th and 7th years, entrepreneurs contribute 10%, with state subsidy covering the difference.

In the service sector and mining industry, the interest rate is set at the Base Rate of the National Bank of Kazakhstan + 5%. Entrepreneurs bear 9% of this rate, with the state subsidizing the remaining amount.

Loan term

1. For the manufacturing industry – 5 years, with non-extendable subsidy period
2. For services and the mining industry – 3 years, with non-extendable subsidy period 3. For working capital replenishment – 3 years, with non-extendable subsidy period

4. For industries from the Priority Economic Activities List – 7 years, with non-extendable subsidy period

Eligible entities

Entrepreneurs undertaking or intending to execute their own impactful projects in priority sectors of the economy. Projects implemented in villages, single-industry and small towns. Cities and regional centers are not eligible for the program. Any industry is eligible. The place of implementation and the place of entrepreneur’s registration is taken into account.

Maximum loan amount

The total amount of a loan/financial leasing agreement for projects in villages, single-industry and small towns must not surpass 1.5 billion tenge per entrepreneur when considering all existing loans/leasing transactions.

Subsidy amount

The base rate of the National Bank of Kazakhstan + 5%. Specifically:

·         in the manufacturing industry, 7% is paid by the entrepreneur, and the rest is subsidized by the state

·         in service sectors and other activities, 10% is paid by the entrepreneur, and the rest is subsidized by the state

Loan term

1. Investments – 5 years, with non-extendable subsidy period

2. Working capital replenishment – 3 years, with non-extendable subsidy period

Refinancing

Loans or leasing agreements with a duration of up to 2 years from the initial issuance date are eligible for refinancing.

Eligible entities

Social entrepreneurship entities operating in any industry and regardless of their registration or implementation location

Maximum loan amount

1.5 billion tenge for one social entrepreneurship entity. This amount is calculated without taking into account debt under a loan/financial leasing agreement of affiliated/related persons/companies

Subsidy amount

Base rate of the National Bank of Kazakhstan + 5%, of which 7% is paid by the social entrepreneur, and the rest is subsidized by the state

Loan term

1. Investments – 5 years, with non-extendable subsidy period

2. Working capital replenishment – 3 years, with non-extendable subsidy period

Refinancing

Loans or leasing agreements with a duration of up to 2 years from the initial issuance date are eligible for refinancing.

Eligible entities

Subsidies under the Regional program are implemented in socially vulnerable regions, during states of emergency, or in other cases as stipulated by a written agreement between the local executive body and the authorized entrepreneurship entity.

The subsidy terms in socially vulnerable regions or during states of emergency are determined through written agreement between the local executive body and the authorized entrepreneurship entity.

Industry

Any industry

Maximum loan amount

The loan amount eligible for partial interest rate subsidy is limited to 500 million tenge per small and medium-sized enterprise, as specified in a written agreement between the financial agency and the local executive body. This calculation excludes debts from loans associated with affiliated persons or entities.

The maximum financing limit for a microfinance organization per small and medium-sized enterprise is capped at 8,000 (eight thousand) MCI.

Subsidy amount

Subsidies are exclusively granted for loans/microcredits bearing a nominal interest rate not exceeding 8.5%. Small and medium-sized enterprises cover the disparity in accordance with a written agreement between the financial agency and the local executive body. Additionally, SMEs are required to pay a remuneration rate of at least 1% per annum.

Loan term

The subsidy period for loans/microcredits is set at 5 years. For loans/microcredits designated for replenishing working capital, the subsidy period is fixed at 3 years without the option to extend.

Eligible entities

Small or medium-sized businesses operating in any industry (excluding trading activities, except for replenishing working capital, and activities specified in paragraph 4 of Article 24 of the Code), as well as individual business entities issuing financial instruments in the form of bonds in accordance with the Civil Code of the Republic of Kazakhstan

Maximum  amount

The total nominal value of the issuer's bonds eligible for partial coupon rate subsidy cannot surpass 5 billion tenge per issuer

Subsidy amount

Base rate of the National Bank of Kazakhstan + 5%, of which 6% is paid by the entrepreneur, and the rest is subsidized by the state

Subsidy period

The subsidy period for partially subsidizing the coupon rate on bonds is 5 years, capped at the duration of the bonds' circulation period

Currency

tenge

Eligible entities

Small businesses, including micro-enterprises

Industry

Any industry, except for trading (trading in food products is permitted), transactions involving real estate (such as purchase or lease of apartments, residential buildings, or land for individual housing construction), as well as the purchase, rental, and leasing of passenger cars (except for "green" projects and domestically manufactured cars priced at no more than 10 million tenge per unit).

For microloans issued by microfinance organizations – according to the Priority Sectors List

Maximum loan amount

For investments – up to 20 million tenge; for working capital replenishment – up to 5 million tenge

Remuneration rate

The base interest rate established by the National Bank of Kazakhstan and increased by no more than 7%.

For microloans issued by microfinance organizations – up to 28%

Guarantee amount

Up to 85%

Guarantee period

Must not exceed the term of the loan/microloan/financing

Eligible entities

Small and medium-sized businesses

Maximum loan amount

For investments – up to 1.5 billion tenge; for working capital replenishment – up to 500 million tenge

Remuneration rate

The base interest rate set by the National Bank of Kazakhstan and increased by no more than 5%.

Guarantee period

Must not exceed loan term

Maximum guarantee amount

50% of the loan amount of up to 1.5 billion tenge

OKED (National Register of Activities)

According to the list, except for activities involving real estate (such as purchase or lease of apartments, residential buildings, or land for individual housing construction), as well as the purchase, rental, and leasing of passenger cars (except for "green" projects and domestically manufactured cars priced at no more than 10 million tenge per unit).

Permitted activities include the construction and expansion of shopping centers, retail facilities, and multifunctional complexes engaged in retail operations (excluding shopping centers) with an area of at least 1000 sq.m. Additionally, the reconstruction of premises for retail space within shopping centers and shopping and entertainment centers with an area of at least 1000 sq.m. is allowed.

Maximum guarantee amount for financial leasing

Must not surpass 50% of the leased item's value

Processing time

For loans up to 750 million tenge – within 5 working days

For loans exceeding 750 million tenge – within 10 working days

For novice entrepreneurs

Loan amount: 360 million tenge

Guarantee period: must not exceed loan term

Maximum guarantee amount: 85% of the loan amount of 360 million tenge

Eligible entities

Small, medium-sized and large businesses

Industry

According to the list, except for activities involving real estate (such as purchase or lease of apartments, residential buildings, or land for individual housing construction), as well as the purchase, rental, and leasing of passenger cars (except for "green" projects and domestically manufactured cars priced at no more than 10 million tenge per unit).

Maximum loan amount

3,5 billion tenge, for working capital replenishment – 1 billion tenge

Remuneration rate

The base interest rate set by the National Bank of Kazakhstan and increased by no more than 5%.

Guarantee amount

50% of the loan amount of up to 3.5 billion tenge

Guarantee period

Must not exceed loan term

Processing time

For loans up to 750 million tenge – within 5 working days

For loans exceeding 750 million tenge – within 10 working days

Eligible entities

Small and medium-sized businesses

Industry

Any industry, except for activities involving real estate (such as purchase or lease of apartments, residential buildings, or land for individual housing construction), as well as the purchase, rental, and leasing of passenger cars (except for "green" projects and domestically manufactured cars priced at no more than 10 million tenge per unit).

Maximum loan amount

For investments – up to 1.5 billion tenge; for working capital replenishment – up to 500 million tenge

Remuneration rate

The base interest rate set by the National Bank of Kazakhstan and increased by no more than 5%.

Guarantee amount

50% of the loan amount of up to 1.5 billion tenge

Guarantee period

Must not exceed loan term

Processing time

For loans up to 750 million tenge – within 5 working days

For loans exceeding 750 million tenge – within 10 working days

For novice entrepreneurs

Loan amount: 360 million tenge

Guarantee period: must not exceed loan term

Maximum guarantee amount: 85% of the loan amount of 360 million tenge

Eligible entities

Small and medium-sized businesses

Industry

Any industry, except for activities involving real estate (such as purchase or lease of apartments, residential buildings, or land for individual housing construction), as well as the purchase, rental, and leasing of passenger cars (except for "green" projects and domestically manufactured cars priced at no more than 10 million tenge per unit).

Maximum loan amount

For investments – up to 1 billion tenge; for working capital replenishment – up to 500 million tenge

Remuneration rate

The base interest rate set by the National Bank of Kazakhstan and increased by no more than 5%.

Guarantee amount

Up to 50% of the loan amount of up to 1 billion tenge

Guarantee period

Must not exceed loan term

Processing time

For loans up to 750 million tenge – within 5 working days

For loans exceeding 750 million tenge – within 10 working days

For novice entrepreneurs

Loan amount: 360 million tenge

Guarantee period: must not exceed loan term

Maximum guarantee amount: 85% of the loan amount of 360 million tenge

REGIONS 

National Project

Single comprehensive program

Portfolio Subsidy

LSPP

TOTAL

Abay region

1.6

2.9

0.000

0.5

4.94

Akmola region

7.1

2.6

0.000

0.0

9.70

Aktobe region

14.9

1.7

0.043

0.0

16.61

Almaty region

23.3

0.2

0.000

1.1

24.57

Atyrau region

8.7

1.3

0.000

0.0

10.03

East Kazakhstan region

2.4

2.0

0.000

3.0

7.43

Almaty

23.1

8.8

0.028

3.9

35.72

Astana

15.0

6.8

0.019

3.1

24.86

Shymkent

5.4

4.8

0.032

0.8

10.90

Zhambyl region

4.2

2.3

0.048

3.1

9.61

Zhetisu region

2.4

2.3

0.032

0.9

5.62

West Kazakhstan region

4.3

2.8

0.000

1.8

8.97

Karaganda region

11.0

1.4

0.000

0.0

12.40

Kostanay region

6.4

4.5

0.005

2.6

13.54

Kyzylorda region

2.8

4.2

0.020

0.0

7.07

Mangistau region

8.8

5.5

0.033

0.0

14.37

Pavlodar region

5.1

5.1

0.000

18.2

28.38

North Kazakhstan region

1.3

2.1

0.000

0.0

3.33

Turkestan region

11.7

1.3

0.035

0.2

13.19

Ulytau region

1.9

0.5

0.000

0.0

2.40

Total

161.0

63.2

0.294

39.2

263.66

Region

Number of signed guarantees

Total loan amount, tenge

Total amount of guarantees, tenge

Akmola region

21

1 506 007 000

520 829 919

Aktobe region

71

2 450 516 636

1 011 605 733

Almaty region

43

4 339 847 340

2 086 588 699

Atyrau region

27

1 208 811 644

524 072 744

East Kazakhstan region

19

2 516 248 000

847 407 342

Zhambyl region

19

672 400 000

270 727 388

West Kazakhstan region

23

1 318 242 421

574 689 675

Karaganda region

14

1 147 750 000

621 277 948

Kostanay region

47

2 496 422 200

1 069 791 250

Kyzylorda region

24

903 200 000

400 247 053

Mangistau region

19

825 480 000

307 706 080

Pavlodar region

43

4 624 300 000

2 330 365 237

North Kazakhstan region

15

1 113 900 000

584 607 564

Turkestan region

25

1 641 960 000

650 172 190

Shymkent

23

1 745 700 000

723 903 013

Astana

57

4 730 816 500

2 057 385 187

Almaty

37

3 996 910 000

2 401 598 467

Abay region

24

1 538 800 000

712 794 826

Zhetysu region

15

1 035 500 000

466 833 284

Ulytau region

7

320 600 000

136 175 053

Total

573

40 133 411 741

18 298 778 650