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

Eligible entities

Small and medium-sized 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).

Total nominal value of the bond issuance

Up to 5 billion tenge for an issuer

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 bond issue volume, capped at a maximum of 2.5 billion tenge per issuer

Guarantee period

Up to 5 years, but not exceeding the maturity of the bonds

REGIONS 

  National Project  

  Portfolio Subsidy  

LSPP

TOTAL

Akmola region

1.4

0.5

0.5

                   2.35  

Aktobe region

6.6

0.4

0.0

                   7.00  

Almaty region

6.7

0.1

0.0

                   6.76  

Atyrau region

14.1

0.0

0.1

                14.19  

East Kazakhstan region

4.2

0.0

0.0

                   4.21  

Almaty city

1.9

0.2

3.0

                   5.03  

Astana

16.5

2.3

2.3

                21.09  

Shymkent

14.2

1.0

2.1

                17.27  

Jambyl Region

3.0

0.3

0.1

                   3.32  

West-Kazakhstan region

3.5

0.0

3.1

                   6.60  

Karaganda region

1.8

0.1

0.9

                   2.82  

Kostanay region

4.0

0.3

1.0

                   5.39  

Kyzylorda Region

10.4

0.2

0.0

                10.58  

Mangistau region

6.3

0.7

2.5

                   9.45  

Abay region

2.1

0.4

0.0

                   2.58  

Zhetysu region

7.7

0.1

0.0

                   7.82  

Ulytau region

4.7

0.5

18.2

                23.37  

Pavlodar region

1.0

0.0

0.0

                   1.02  

North-Kazakhstan region

10.8

0.4

0.2

                11.44  

Turkestan region

1.7

0.0

0.0

                   1.67  

Total

122.5

7.4

33.8

                164.0  

REGIONS

  Number of signed guarantees  

  Total loan amount, tenge  

  Total amount of guarantees, tenge  

Akmola region

7

                    691,060,000  

                  195,235,773  

Aktobe region

27

                  1,055,497,000  

                  488,992,776  

Almaty region

13

                  1,166,785,000  

                  596,500,915  

Atyrau region

7

                    339,200,000  

                  154,800,000  

East Kazakhstan region

6

                    689,096,000  

                  336,578,474  

Jambyl Region

10

                    296,500,000  

                  129,056,220  

West Kazakhstan region

6

                    196,500,000  

                    90,245,124  

Karaganda region

3

                    259,750,000  

                  155,960,214  

Kostanay region

15

                    486,500,000  

                  231,225,792  

Kyzylorda Region

13

                    529,700,000  

                  227,049,823  

Mangistau region

6

                    139,000,000  

                    40,738,184  

Pavlodar region

17

                  2,114,000,000  

                1,096,667,408  

North Kazakhstan region

4

                    148,000,000  

                    68,305,976  

Turkestan region

10

                    762,460,000  

                  319,890,552  

Shymkent

14

                    968,000,000  

                  376,737,659  

Astana

26

                  2,103,260,000  

                1,013,434,993  

Almaty city

12

                  1,787,700,000  

                1,217,292,526  

Abay region

4

                      96,600,000  

                    36,903,936  

Zhetysu region

6

                    456,500,000  

                  214,487,284  

Ulytau region

3

                    100,000,000  

                    23,741,675  

Total

209

14,386,108,000

7,013,845,303