In the East Kazakhstan region, applications for preferential youth lending have begun, the press service of Agrarian Credit Corporation JSC reports. Microcredit is aimed at supporting young entrepreneurs aged 21 to 35 years, whose registration period as an individual entrepreneur at the time of application does not exceed 5 years. Representatives of working youth can also participate in the program. Young entrepreneurs can receive a loan of up to 5 million tenge with a repayment period for projects in the field of livestock farming - up to 7 years, for other areas of business - up to 5 years, at a nominal interest rate of 2.5% per annum. There is a grace period for repayment of the principal debt and interest up to one third of the duration of the microloan term. A prerequisite is the presence of collateral. Movable (specialized equipment) and real estate, land plots are accepted as collateral. In the absence of collateral, it is possible to involve a Pledger (parents, relatives, etc.). To submit an application, you must submit documents to the branch of Agrarian Credit Corporation JSC in the East Kazakhstan region at the address: Ust-Kamenogorsk, Kabanbay Batyr Ave., 51. Let us remind you that today all branches of Agrarian Credit Corporation JSC in regional centers and the cities of Astana, Almaty, Shymkent accept applications for preferential microloans at 2.5% per annum. During the first month of accepting applications, the main areas of financing were livestock farming, services and trade. In total, it is planned to issue 5,796 microloans in 2023. Photo from the site maqat-tynysy.kz