“Baiterek” National Managing Holding JSC is the key institution of the Government of the Republic of Kazakhstan that meets the advanced standards of corporate governance and ensures implementation of Kazakhstan economy’s sustainable development by diversifying it, supporting innovation, developing exports, and increasing labor productivity.

Key tasks:
Development of non-resource-based sectors of the economy;
Entrepreneurship development (private sector of the economy);
Support for urbanization in the economy;
Support for the export of non-resource-based products;
Development of innovations.

Strategic directions of activities:
Support for entrepreneurship in the segment of large businesses;
Support for entrepreneurship in the SME segment;
Increasing housing affordability;
Increasing export capacity;
Transfer of technologies and introduction of innovations.

The Holding includes 10 subsidiaries. While supporting large enterprises, the Development Bank of Kazakhstan JSC, “KazakhExport” Export Insurance Company JSC, Kazyna Capital Management JSC, Kazakhstan Project Preparation Fund LLP and Investment Fund of Kazakhstan JSC provide the support tools such as debt and equity financing, insurance of export operations, leasing financing and consulting support for structuring and supporting projects, including those implemented under the PPP mechanism.

For small and medium-sized businesses, “Damu” Entrepreneurship Development Fund JSC provides enterprises with three support tools: interest rates subsidizing, loans guaranteeing and conditional investment of funds in second-tier banks.

The Housing Construction Savings Bank of Kazakhstan JSC, Kazakhstan Mortgage Company JSC, and Housing Construction Guarantee Fund JSC focus on increasing the financial affordability of housing through the development of financing, mortgage lending, subsidies and housing rental.

Moreover, the Development Bank of Kazakhstan and KazakhExport support non-resource-based exporters, and QazTech Ventures, being a fund of funds, contributes to the development of technology entrepreneurship through the tools for venture financing, business incubation and technology consulting.

Baiterek Holding is the key operator in the implementation of the following state and government programs:

The Plan of the Nation - “100 Concrete Steps”.

In May 2015, the President of the Republic of Kazakhstan announced the Plan of the Nation.

In accordance with step 62 of the National Plan, Baiterek NMH JSC continues the initiative to implement the program “Leaders of Competitiveness - National Champions 2.0” (hereinafter referred to as the initiative) with the focus on supporting leaders of medium-sized businesses in non-resource sectors of the economy.

The initiative aims to facilitate the creation of competitive, export-oriented and high-tech manufacturing industries.

Support measures consist of three main areas: financial support, consulting support and institutional support.

As part of financial support, the initiative participants are provided with access to the financial instruments of subsidiaries of Baiterek NMH JSC in accordance with their internal documents.

In addition, companies are provided with institutional support, as well as support is provided to ensure access to best practices in the field of management and to increase the efficiency of activities involving consulting companies. Moreover, the Holding acts as a link for an effective dialogue between the participants in the initiative and government bodies to eliminate industry-wide barriers.

“Nurly Zhol” State Infrastructure Development Program for 2020 – 2025

The main priority of the Nurly Zhol Program is to increase the availability of financing for small and medium-sized businesses and large enterprises in the manufacturing industry.

Within the framework of the Nurly Zhol Program, Baiterek NMH JSC and its subsidiary Kazakhstan Project Preparation Fund LLP (hereinafter - KPPF) are involved or may be involved in the implementation of the task of creating an efficient transport and logistics infrastructure in terms of preparing pre-project and project documentation, support and consulting of public-private partnership projects and investment attraction.

The state program of industrial and innovative development of the Republic of Kazakhstan for 2020 - 2025 (hereinafter - SPIID)

The purpose of SPIID for 2020 - 2025 is the formation of a competitive manufacturing industry of the Republic of Kazakhstan in the domestic and foreign markets.

Baiterek NMH JSC is one of the main operators in implementing such program tasks as increasing production volumes and expanding the range of processed goods that are in demand in the domestic and foreign markets, as well as technological development and digitalization of manufacturing industries.

In particular, Baiterek NMH JSC continues to be the operator of all repayable financial support measures through subsidiaries, whose mandate is to attract resources from external and domestic debt and capital markets to provide preferential loans to manufacturing enterprises. Baiterek NMH JSC will also proactively expand the comprehensive support approach to manufacturing enterprises, adhering to the following principles of financial support:

1) the exclusion of ineffective and unclaimed support measures;

2) reduction of budget financing for state and quasi-state enterprises;

3) reduced funding for support programs that distort market prices and adversely affect the development of the private sector;

4) preferential support for projects co-financed by the private sector, with financing from public funds.

As part of the financial support measures provided, Baiterek NMH JSC will list the priority types of economic activity in strict accordance with the SPIID's focus for 2020 - 2025 (manufacturing and related services).

“Business Roadmap 2025” State Program for Entrepreneurs Support

Damu Entrepreneurship Development Fund JSC is a financial operator of the State Program “Business Road Map -2025” and provides support to SMEs by subsidizing interest rates on loans and guaranteeing loans to second-tier banks in three directions:

1) increasing the accessibility to financing of entrepreneurs, including the development of family entrepreneurship in single-industry towns, small towns and rural settlements;

2) an increase in the volume of manufactured products of the manufacturing industry;

3) preventing the transformation of currency risks into credit risks due to fluctuations in foreign currencies.

In July 2020, a new direction was included - microcrediting for micro and small businesses. Funding is available at a rate of no more than 6% through subsidies. Loans will be issued up to 5 million tenge to replenish working capital and up to 20 million tenge - for production needs. The sources of financing are the own funds of banks and microfinance organizations, while the DAMU Fund provides guarantees in the amount of up to 85% of the loan amount.

State program for the development of productive employment and mass entrepreneurship for 2017 - 2021 "Enbek"

The Damu Entrepreneurship Development Fund JSC is the financial operator of the Enbek Program and provides financing and guaranteeing loans / microloans to entrepreneurs in cities and single-industry towns under the direction of “Mass Entrepreneurship Development”.

The program "National Export Strategy of the Republic of Kazakhstan"

The aim of the Program is to create conditions for an increase in the volume of non-primary exports by 1.5 times by 2022, as well as diversification of markets for goods and services.

ESK KazakhExport JSC is the main operator of the implementation of the National Export Strategy of the Republic of Kazakhstan Program, in terms of participation in such tasks as strengthening the institutional framework for supporting exporters and providing financial support measures for exporters.

“Nurly Zher” State Housing Construction Program

Due to the high demand of the population for housing, the Nurly Zher Program was developed. The main attention is focused on the preparation of engineering and social infrastructure, financial incentives for private developers, the effective use of the housing construction savings system and the transfer of credit housing construction to extrabudgetary financing.

One of the strategic areas of activity of Baiterek NMH JSC and its subsidiaries is the implementation of the Nurly Zher Program in order to increase the availability and comfort of housing. Achievement of the goals is provided through the implementation of a unified housing policy through the tools of the joint-stock company "Housing Construction Savings Bank of Kazakhstan" (hereinafter - ZHSSBK), the joint-stock company Mortgage Company Kazakhstan Mortgage Company (hereinafter - KIK), the Joint-Stock Company “Housing Construction Guarantee Fund” (hereinafter - the Federal Housing Fund) and "Damu" EDF" JSC for the following tasks:

1) stimulation of housing construction by private developers by subsidizing interest rates on commercial loans of second-tier banks (hereinafter - STB);

2) the construction of credit housing for the waiting list of local executive bodies (hereinafter referred to as the IIO) and the depositors of the ZhSSBK by acquiring the securities of the IIO, placing conditional deposits in STBs and other mechanisms for financing housing construction;

3) the implementation of the mechanism for protecting shared deposits of the population;

4) the provision of affordable financing for the purchase of housing for certain categories of citizens.

State program "Digital Kazakhstan"

Baiterek NMH JSC participates in the implementation of the State Program Digital Kazakhstan, in terms of the implementation of the Single Window on government support measures by automating the processes of interaction with SMEs. This work is carried out in two directions - through the line of "electronic government" and its own platform, "Single portal for supporting entrepreneurship" Digital Baiterek ".

In addition, Baiterek NMH JSC participates in the implementation of measures to create venture capital funds, as well as creating incentives for enterprises to introduce Industry 4.0 technologies.

The Holding’s subsidiaries, the Development Bank of Kazakhstan JSC, “KazakhExport” Export Insurance Company JSC, Kazyna Capital Management JSC, Kazakhstan Project Preparation Fund LLP and Investment Fund of Kazakhstan JSC, while supporting large enterprises, also provide the support tools such as debt and equity financing, export insurance, leasing financing and consulting support for structuring and supporting projects, including those implemented under the PPP mechanism.

Small and medium-sized enterprises JSC "Entrepreneurship Development Fund "Damu" provides three support tools: subsidized interest rate loan guarantee program of conditional placement of funds in second-tier banks and other financial institutions for subsequent lending to micro, small and medium-sized businesses. What is a subsidy and how do I get it? Subsidizing - this is a form of state financial support for entrepreneurs, used to partially reimburse the costs paid by an entrepreneur to a bank / leasing company as remuneration for loans / leasing in exchange for fulfilling certain conditions related to the entrepreneur's operating activities in the future. First of all, know that if you plan to do business in the city, then it is necessary that your activity be included in the priority sectors of the economy (link to the list of priority industries). If the business is carried out in the area, then there are no industry restrictions, and you can get a subsidy for any activity that does not contradict the current legislation. What is a guarantee and what are the conditions for obtaining a Guarantee? A form of support for entrepreneurs, used in the form of providing a partial guarantee as a security for the fulfillment of obligations under an entrepreneur's loan, under the terms of the Program and in accordance with the guarantee agreement. Guarantees are provided in case of insufficient collateral. Warranties are divided between beginners and active ones. The conditions for obtaining Warranties can be found on the website JSC "Entrepreneurship Development Fund "Damu" in the Guarantee section.

Subsidizing is a form of state support for entrepreneurs used as a partial guarantee as a security for the fulfillment of obligations under an entrepreneur’s loan.

First of all, you should be aware of the following: if you are planning to carry out business activities in the city, it is required that your activities area be included in the priority sectors of the economy (link to the list of priority sectors). If your business is conducted on a regional/district level, then there are no restrictions for sectors, and will be able to obtain a subsidy for any activity that does not contradict the current laws.

program of conditional placement of funds in second-tier banks and other financial institutions for subsequent lending to micro, small and medium-sized businesses.

What is guaranteeing and what are the conditions existing for Guarantees obtaining?

is a form of state financial support for entrepreneurs, used to partially reimburse the costs paid by an entrepreneur to a bank / leasing company as remuneration for loans / leasing in exchange for the fulfillment in the future of certain conditions related to the entrepreneur's operating activities.

Guarantees are provided in case of insufficient collateral. A form of support for entrepreneurs, used in the form of providing a partial guarantee as a security for the fulfillment of obligations under an entrepreneur's loan, under the terms of the Program and in accordance with the guarantee agreement. The conditions for obtaining Guarantees are available on the website of “Damu” Entrepreneurship Development Fund JSC in the Guaranteeing section.

You are required to pass free training sessions to participate in grant financing.

If your business idea is new and original, you will be provided with an opportunity to participate in Grants and win up to 3,000,000 KZT on a competitive basis.

The procedure for submitting bidding documentation, the venue for bids submission and the time for participation in the bidding should be clarified with the organizers of the bidding: Administration of Entrepreneurship and Industrial-Innovative Development.

“Small businesses, including young start-up entrepreneurs, beginning entrepreneurs, as well as women, people with disabilities and people above 50, shall use grant funds for the following purposes: 1) acquisition of fixed assets and materials; 2) acquisition of intangible assets; 3) acquisition of technology; 4) acquisition of franchise rights; 5) expenses associated with research and introduction of new technologies. Grant funds cannot be used to purchase real estate, land and as a rental fee. The procedures for state grants provision are guided by the State Grants Delivery Regulations within the Program approved by the Decree of the Government of the Republic of Kazakhstan”.

You can take a free entrepreneurship training session from the comfort of your home using the Internet! The “Remote Support for Entrepreneurship Development” training program is aimed at increasing the level of knowledge in entrepreneurs and the public with an entrepreneurial initiative. You are encouraged to take advantage of the unique opportunity to replenish and improve your knowledge free of charge at any place with Internet access, and at any time. Upon clicking on the link edu.damu.kz and getting registered on the website, everyone can choose a suitable training course for themselves. During the training course, a teacher is assigned to the student, who checks and evaluates the student’s completed assignments. The course covers topical issues on starting a business. Complete the course and receive an e-certificate!

Where can I find a business plan?

Experts of the Chamber of Entrepreneurs are engaged in the development of business plans on a free-of-charge basis for entrepreneurs participating in the state programs. These activities are conducted at the Entrepreneurs Service Center of “Damu” Entrepreneurship Development Fund JSC.

You can also find ready-made samples of business plans on the website of Damu Fund or on the “Territory of Business” website.

There are three subsidiaries of the Holding involved in export support: “KazakhExport” Export Insurance Company JSC, Development Bank of Kazakhstan JSC (DBK) and “Damu” Entrepreneurship Development Fund JSC.

Today, exporters have a series of issues, the main of which are lack of floating assets and lack of foreign market knowledge. KazakhExport and DBK are currently contributing to resolve the issue of floating assets replenishment through pre-export financing. KazakhExport also provides a loan insurance tool where the bank is provided with coverage when there is a lack of collateral. In total, the insurance company has 14 tools for financial support of exporters.

In its turn, the DBK supports domestic exporters within “Nurly Zhol” State Infrastructure Development Program for 2015-2019.

The DBK develops infrastructure and industry in the field of raw materials processing, thereby contributing to the diversification of Kazakhstan’s economy.

In addition, Damu Fund provides a special tool for supporting exporters such as subsidizing interest rates. This support tool is provided within the third direction of “Currency Risks Mitigation” under the “Business Roadmap 2020” State Business Support and Development Program.

The goal for creating the information system of “Digital Baiterek” Single Entrepreneurship Support Portal is to provide a single information platform for “Baiterek” National Managing Holding JSC, its subsidiaries, Kazakhstani and foreign investors and entrepreneurs. At the moment, there are 42 automated and information services available.

“Digital Baiterek” Single Entrepreneurship Support Portal provides opportunities for those applying to the Holding in:

- Obtaining comprehensive information and advice in regard to all possible customer support tools;
- Operational processing of complaints due to the rejection of paper media and the transfer of communications to a digital form with the ability to track the processing status;
- Information support and the ability to choose package services in accordance with the identified client’s requirements;
- Full accessibility of services regardless of the client’s location;
- The possibility of a single and simultaneous comprehensive review of client’s inquiries by all structures and subsidiaries of “Baiterek” National Managing Holding JSC, if necessary.

In addition, one you can submit a CV for employment opportunities in the Holding through Digital Baiterek, as well as apply for sponsorship or charity support.

It is required to get registered and create a Personal Account using a minimal data set in order to use the Digital Baiterek system.

Link to the web-portal: https://digital.baiterek.gov.kz/.

Under “Nurly Zher” State Program, the subsidiaries of Baiterek Holding – the Housing Construction Savings Bank of Kazakhstan JSC, Kazakhstan Mortgage Company JSC, and Housing Construction Guarantee Fund JSC focus on increasing the financial affordability of housing through the development of financing, mortgage lending and rental housing with purchase. Read more about the terms of acquiring housing through the aforementioned subsidiaries of the Holding in the following matters.

What are the conditions for acquiring housing through the Housing Construction Savings Bank of Kazakhstan JSC?

“Nurly Zher” State Program (depositors and waiting lists of LEAs)
Down payment – 20% and above
Interest rate – 5% per annum
Duration – up to 25 years

“Baqytty Otbasy” (housing for large families, single-parent families and families with or raising children with disabilities)
Down payment – 10% and above or housing certificate from akimat
Interest rate – 2% per annum
Duration – up to 20 years
Loan amount – up to 15 million KZT (for Nur-Sultan, Almaty, Shymkent, Atyrau, Aqtau); up to 10 million KZT (for other regions)

“Own Accommodation” Purchase of Housing in New Buildings (own program of “HCSBK”)
Down payment – 20% and above
Interest rate – 7% per annum
Given the fulfillment of housing savings conditions, the rate is ranging from 3.5% per annum
Duration – up to 20 years.

Standard Housing Savings (Housing Loan)
Accumulation period – three years and more
Down payment – 50% and above
Interest rate – 3.5% to 5% per annum;
Loan duration – 6 months to 25 years.

Interim Housing Loan
Down payment – 50% and above
Interest rate – 7 to 8.5% per annum with a subsequent decrease to 5%*
Interest rate – 5% and above per annum (under “Nurly Zher” State Program)
Loan duration – up to 25 years

*The initial rate for the interim loan is valid until the moment your deposit reaches the maturity of 3 years, then you shall switch to the terms and conditions of a housing loan, and the interest rate is reduced to 5%.

Preliminary Housing Loan*
Down payment – 20% and above
Interest rate – 7% and above per annum (under “Own Accommodation” Program)
Interest rate – 5% and above per annum (under “Nurly Zher” State Program)
Given the fulfillment of housing savings conditions, the interest rate is 3.5% and above per annum
Loan duration – up to 25 years

*Only within the framework of state programs and the HCSBK JSC’s “Own Accommodation” Program

In addition, according to Clause 5 of “Nurly Zher” State Program for housing construction projects secured by a guarantee of the Housing Construction Guarantee Fund JSC, the HCSBK and STB can lend to borrowers for the purchase of housing secured by the rights of claim under shared construction participation agreements in the manner and on the conditions set out by internal documents of the HCSBK and STB.

The Housing Construction Guarantee Fund JSC is a non-profit organization that secures completion of construction and transfer of a share in a residential building to the interest/share holder upon the occurrence of a guarantee case.

The types of mortgage loans in JSC "IO" Kazakhstan Mortgage Company "can be found in the section Affordable housing - Mortgage loans and housing loans.

The types of mortgage loans in JSC "IO" Kazakhstan Mortgage Company "can be found in the section Affordable housing - Mortgage loans and housing loans.

Since December 2019, QazTech Ventures JSC (a subsidiary of NMH Baiterek JSC) has signed agreements on participation in 2 foreign venture funds - Quest Ventures Asia Fund II (Singapore) and V Global Fund 500 Startups (USA). Under these agreements, the Funds will invest in Kazakhstani start-up projects. Both of these funds have started the investment stage and are currently considering Kazakhstani projects. The Society on a regular basis sends to the Foundations a list and presentations of Kazakhstani start-up projects. Since the beginning of 2020, the Company has formed and sent 84 Kazakhstani start-up projects for consideration by the investment commissions of both funds.
The most promising are IT projects. Due to the current situation with COVID-19, the economic market is undergoing transformation and, as we can see, the prospects remain only in the IT sphere and related industries, such as online education, medicine, games, online commerce, etc. Also, Kazakhstani startups should pay attention to the introduction of new technologies in agriculture.
As part of agreements with Quest Ventures, QazTech Ventures JSC is launching the Kazakhstan Digital Accelerator (KDA), the first world-class startup accelerator in the region, with a representative office in Nur-Sultan. The goal of this program is to increase the competitiveness and capitalization of technology companies that will be able to break into the markets of Southeast Asia in the future. The program is designed for three years and will run from 2020 to 2022. This program will contribute to the development and promotion of start-up projects and the digital ecosystem in Kazakhstan. Thanks to the acceleration program, start-up projects will be able to gain knowledge from leading international experts and test the product in real conditions. The team of the Singapore Quest Ventures Foundation together with QazTech Ventures JSC will participate in the selection of start-up projects, in their preparation for entering the market, provide the best mentors and professionals with many years of experience, conduct workshops, consultations, individual meetings and help to establish networking in the whole. The Kazakhstan Digital Accelerator program will be launched in August 2020. Within it, 5 streams will be launched. Each stream will be trained in a program lasting up to six months. The selection of projects will be directly handled by the Quest Ventures team together with QazTech Ventures JSC. I would also like to note that within the framework of this program, start-up projects will have the opportunity to present their projects to investors in Southeast Asia. If the project turns out to be promising, it can be financed within the framework of the activities of Quest Ventures Asia Fund II.
To assist in the technological development of enterprises, QazTech Ventures JSC, being a national institute in the field of technological development, implements a strategic direction for expert and technological support in the search, selection and implementation of innovations, technological development and digital transformation of enterprises through the provision of services for technological consulting. The range of services within the framework of service and technological consulting includes:
  • Carrying out technological expertise for the technological and technical feasibility of the project;
  • Independent assessment of technical maturity and procurement of investment projects;
  • Financial and technical control of investment projects;
  • Technological tours;
  • Technological audit.
Service and technological consulting services can assist in solving your following tasks:
  • Your project is applying for funding in a domestic / international financial institution and you need an independent assessment / expertise of your project;
  • There is a need to optimize operations and / or digital transformation of your company;
  • You need to confirm your main activity and / or availability of production facilities and many others.