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.
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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.
