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New opportunities for rural businesses

- Aktobe Region
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The villagers have an opportunity to take a loan at low interest rates for the development of the business within the framework of the program "Aul kasіpkerlіgі"

It is expected that it will give a significant impetus to the development of entrepreneurship.

The program offers micro-loans of up to 17 million tenge (8000 MCI) for up to 4.5 years at 6 percent. This money can be a good start for the farmers how to create and to expand their own economy.

How to open a business at the expense of an available loan, said the expert of the Chamber of Entrepreneurs of Aktobe region Nurbolat Omirzakov.

"The project has a number of important advantages: support for rural businesses, lower interest rates and flexible repayment schedule. Funds may be obtained on the opening and expansion of any business, but not trade. Participants can be small businesses that operate in rural areas of the Aktobe region", - said the expert.

The credit portfolio of the program includes funds of the holding group "Almex", JSC "Fund for Financial Support of Agriculture" and the local budget. In total, 900 million tenge is provided for implementation of the project.

For advice and inquiry about microcredit program "Aul kasіpkerlerі" potential participants should contact the business support centers or district branches of the Chamber of Entrepreneurs of Aktobe region.

It is necessary to submit an application for registration of microcredit with a package of documents and business proposal for an organization or expansion of business. The applicants, whose applications were approved get a grace period on repayment of principal for a period not exceeding six months.

In addition, applicants of the program can undergo free training on the basics of entrepreneurship and can get assistance in development of a business plan. They can also expect to receive marketing, legal, accounting and other kind assistance, required to support the project, up to one year.


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