In the Mangistau region, businessmen from the SME sector are actively taking advantage of profitable loans from the Agricultural Credit Corporation. Over 1 billion tenge has been allocated for lending to businessmen in the Mangistau region . Residents of cities and districts open their own businesses as part of the implementation of the Employment Road Map program with the help of microcredit in microfinance organizations through funding instruments from Agrarian Credit Corporation JSC (ACC), a subsidiary of Baiterek NMH JSC. To support business in the regions, ACC has opened credit lines for funding microfinance organizations (MFOs) in the amount of 22.5 billion tenge . The partners of the ACC are 15 microfinance organizations created with the participation of the Atameken NCE and local executive bodies. Microfinance organizations are represented in all regions of the country, except Nur-Sultan and Almaty. Since September, over 60 entrepreneurs in the Mangystau region have already taken the opportunity to start or expand their business. Thus, 275 million tenge was disbursed in a short period of time. As Aset Baibosynov , director of the branch of Agrarian Credit Corporation JSC, said, it is planned to finance over 200 more projects. “We finance both the agricultural sector and business in cities and villages. An entrepreneur can take out a loan to purchase equipment, livestock, premises for a business, or replenish working capital. We finance any type of business, for example, we are considering a hairdressing salon and a bakery. Previously, we financed a livestock breeder who raises horses and goats,” said Aset Baibosynov. To receive a microloan, you must be a graduate of the Bastau Business project or complete courses teaching the basics of entrepreneurship as part of other government programs, as well as provide collateral and successfully defend your business plan. The loan term for projects in the livestock sector is up to 7 years, in other industries – up to 5 years. Zhanbupe Kurakpaikyzy and her husband opened a children's clothing store in the 19th microdistrict of Aktau in March of this year. Business took off, and entrepreneurs turned to microfinance organizations to replenish working capital. For 6 million tenge they purchased winter children's clothing - jackets, trousers, hats, mittens. The loan was taken out for three years and they plan to pay it off ahead of schedule, so the grace period is short - only a month. The entrepreneur believes that she received a loan very successfully. “The offer from the Agricultural Credit Corporation turned out to be the best option for us. Second-tier banks offered from 18% per annum. My husband learned about the opportunity to take advantage of lending under the Employment Road Map program from his friend. Now we are planning to hire three more employees and are thinking about opening more one “point,” shares Zhanbupe Kurakpaikyzy. The maximum amount of microloan in rural settlements and small towns is up to 2.5 thousand MCI (7.2 million tenge), in cities, single-industry towns (except Shymkent, Aktau, Atyrau) - up to 6.5 thousand MCI (18.9 million tenge ). In Shymkent, Aktau, Atyrau - up to 8 thousand MCI (23.3 million tenge). The interest rate under the program is 6% with the opportunity to take advantage of a grace period. Entrepreneur Anvar Rakhov, with the help of loan funds, opened a grocery store in the village of Airakty (formerly Mangistau-3) in the Munaylinsky district. I took 4.5 million tenge at 6% per annum with a six-month grace period for three years. “During the grace period, I pay 22.5 thousand tenge per month, then it will be 167 thousand tenge. The daily revenue is up to 100 thousand tenge, which means that I am able to make payments on time. If things continue to go well, then I’ll open more stores and hire more employees,” the entrepreneur hopes. Anvar Rakhov does not rule out that, if necessary, he will again use government support tools. Karipilla Akmuradov built a service station in the village of Bayandy, Munaylinsky district, with his own money, but it was not enough to purchase equipment. Therefore, he applied to the microfinance organization for a loan, where he was given a loan in the amount of 7.2 million tenge for a period of five years through funding from ACC funds. “I bought lifts, a compressor, and so on with borrowed funds. We’ve only opened for two weeks. Now there’s a six-month grace period, and I’m actively building a client base, as they say, I’m getting promoted. Five local residents work with me. In March of this year, I completed training under the "Bastau Business" project. I turned to NPP "Atameken" to develop a business plan. They prepared it for me free of charge," said Karipilla Akmuradov. Of the five service stations, only three are currently operational. The entrepreneur plans to repay the loan as quickly as possible and take out another loan to purchase additional equipment and open other boxes. This will provide additional jobs to several local residents. Cattle breeder Kuanysh Danshabaev, living in the village of Tupkaragan district, decided to produce milk for sale. I turned to a microfinance organization for funds to purchase livestock. For 4 million tenge I bought five cows and a bull. The first milk yield is planned to be received in March next year. “I took out the loan for five years with a six-month grace period. At first I will pay 20 thousand tenge a month, then 94 thousand. I learned about this opportunity in the district akimat,” he shared. Like other entrepreneurs, Kuanysh Danshabaev wants to pay off his loan ahead of schedule and expand his business. Let us remind you that in Kazakhstan small and medium-sized businesses pay great attention. Systematic work is being carried out to support the entrepreneurship sector in order to make it a leading force in the economy. The development of entrepreneurship in cities and regions creates jobs, promotes the development and maintenance of competition, and fills the market with goods and services. “In the implementation of this program, the Agrarian Credit Corporation promotes affordable financing for a wide range of business entities. In turn, this is reflected in increasing the level of well-being of citizens in rural areas: jobs are created, new industries are opened, the service sector is developing and much more,” summed up the head of the service marketing and PR of JSC "Agrarian Credit Corporation" Ruslan Eskendir. According to NCE Atameken, as of July 1, 2021, there were 53,199 active small and medium-sized businesses in the Mangistau region. Obviously, this figure will grow, since the Mangistau economy needs diversification. Source: informburo.kz
In the Mangistau region, businessmen from the SME sector are actively taking advantage of profitable loans from the Agricultural Credit Corporation. Over 1 billion tenge has been allocated for lending to businessmen in the Mangistau region . Residents of cities and districts open their own businesses as part of the implementation of the Employment Road Map program with the help of microcredit in microfinance organizations through funding instruments from Agrarian Credit Corporation JSC (ACC), a subsidiary of Baiterek NMH JSC. To support business in the regions, ACC has opened credit lines for funding microfinance organizations (MFOs) in the amount of 22.5 billion tenge . The partners of the ACC are 15 microfinance organizations created with the participation of the Atameken NCE and local executive bodies. Microfinance organizations are represented in all regions of the country, except Nur-Sultan and Almaty. Since September, over 60 entrepreneurs in the Mangystau region have already taken the opportunity to start or expand their business. Thus, 275 million tenge was disbursed in a short period of time. As Aset Baibosynov , director of the branch of Agrarian Credit Corporation JSC, said, it is planned to finance over 200 more projects. “We finance both the agricultural sector and business in cities and villages. An entrepreneur can take out a loan to purchase equipment, livestock, premises for a business, or replenish working capital. We finance any type of business, for example, we are considering a hairdressing salon and a bakery. Previously, we financed a livestock breeder who raises horses and goats,” said Aset Baibosynov. To receive a microloan, you must be a graduate of the Bastau Business project or complete courses teaching the basics of entrepreneurship as part of other government programs, as well as provide collateral and successfully defend your business plan. The loan term for projects in the livestock sector is up to 7 years, in other industries – up to 5 years. Zhanbupe Kurakpaikyzy and her husband opened a children's clothing store in the 19th microdistrict of Aktau in March of this year. Business took off, and entrepreneurs turned to microfinance organizations to replenish working capital. For 6 million tenge they purchased winter children's clothing - jackets, trousers, hats, mittens. The loan was taken out for three years and they plan to pay it off ahead of schedule, so the grace period is short - only a month. The entrepreneur believes that she received a loan very successfully. “The offer from the Agricultural Credit Corporation turned out to be the best option for us. Second-tier banks offered from 18% per annum. My husband learned about the opportunity to take advantage of lending under the Employment Road Map program from his friend. Now we are planning to hire three more employees and are thinking about opening more one “point,” shares Zhanbupe Kurakpaikyzy. The maximum amount of microloan in rural settlements and small towns is up to 2.5 thousand MCI (7.2 million tenge), in cities, single-industry towns (except Shymkent, Aktau, Atyrau) - up to 6.5 thousand MCI (18.9 million tenge ). In Shymkent, Aktau, Atyrau - up to 8 thousand MCI (23.3 million tenge). The interest rate under the program is 6% with the opportunity to take advantage of a grace period. Entrepreneur Anvar Rakhov, with the help of loan funds, opened a grocery store in the village of Airakty (formerly Mangistau-3) in the Munaylinsky district. I took 4.5 million tenge at 6% per annum with a six-month grace period for three years. “During the grace period, I pay 22.5 thousand tenge per month, then it will be 167 thousand tenge. The daily revenue is up to 100 thousand tenge, which means that I am able to make payments on time. If things continue to go well, then I’ll open more stores and hire more employees,” the entrepreneur hopes. Anvar Rakhov does not rule out that, if necessary, he will again use government support tools. Karipilla Akmuradov built a service station in the village of Bayandy, Munaylinsky district, with his own money, but it was not enough to purchase equipment. Therefore, he applied to the microfinance organization for a loan, where he was given a loan in the amount of 7.2 million tenge for a period of five years through funding from ACC funds. “I bought lifts, a compressor, and so on with borrowed funds. We’ve only opened for two weeks. Now there’s a six-month grace period, and I’m actively building a client base, as they say, I’m getting promoted. Five local residents work with me. In March of this year, I completed training under the "Bastau Business" project. I turned to NPP "Atameken" to develop a business plan. They prepared it for me free of charge," said Karipilla Akmuradov. Of the five service stations, only three are currently operational. The entrepreneur plans to repay the loan as quickly as possible and take out another loan to purchase additional equipment and open other boxes. This will provide additional jobs to several local residents. Cattle breeder Kuanysh Danshabaev, living in the village of Tupkaragan district, decided to produce milk for sale. I turned to a microfinance organization for funds to purchase livestock. For 4 million tenge I bought five cows and a bull. The first milk yield is planned to be received in March next year. “I took out the loan for five years with a six-month grace period. At first I will pay 20 thousand tenge a month, then 94 thousand. I learned about this opportunity in the district akimat,” he shared. Like other entrepreneurs, Kuanysh Danshabaev wants to pay off his loan ahead of schedule and expand his business. Let us remind you that in Kazakhstan small and medium-sized businesses pay great attention. Systematic work is being carried out to support the entrepreneurship sector in order to make it a leading force in the economy. The development of entrepreneurship in cities and regions creates jobs, promotes the development and maintenance of competition, and fills the market with goods and services. “In the implementation of this program, the Agrarian Credit Corporation promotes affordable financing for a wide range of business entities. In turn, this is reflected in increasing the level of well-being of citizens in rural areas: jobs are created, new industries are opened, the service sector is developing and much more,” summed up the head of the service marketing and PR of JSC "Agrarian Credit Corporation" Ruslan Eskendir. According to NCE Atameken, as of July 1, 2021, there were 53,199 active small and medium-sized businesses in the Mangistau region. Obviously, this figure will grow, since the Mangistau economy needs diversification. Source: informburo.kz
