Kazakhstan Introduces New Program to Expand Support for Women Entrepreneurs

ASTANA – DAMU Entrepreneurship Development Fund has allocated 10 billion tenge (US$22.4 million) for a new program to finance women’s entrepreneurship,  the fund’s press service reported on March 6.

Photo credit: Dragana Gordic/Shutterstock

The Umit (Hope) program provides entrepreneurs with a wide range of opportunities for business development. Women entrepreneurs will have the opportunity to receive financing through second-tier banks in all regions of Kazakhstan, including villages, small and single-industry towns. The maximum loan term is up to 84 months, with a preferential rate for investment purposes and replenishment of working capital with a loan amount of up to 100 million tenge (US$223,822).

Support will be directed to all sectors of the economy, except for the financial and insurance industries, real estate transactions and wholesale and retail trade. 

Get The Astana Times stories sent directly to you! Sign up via the website or subscribe to our Twitter, Facebook, Instagram, Telegram, YouTube and Tiktok!