...

Loans for businesswomen are 1.5 times cheaper than standard loans in Kazakhstan

Business Materials 27 November 2014 17:40 (UTC +04:00)

Astana, Kazakhstan, Nov. 27

By Daniyar Mukhtarov - Trend:

The loans for businesswomen are 1.5 times cheaper than the standard loans in Kazakhstan, Ranking.kz. analytical service said.

"The effective fee rate is 14 percent compared to 20.9 percent," the analysts said. "There are eight second-tier banks, offering loans upon the program of Damu Entrepreneurship Development Fund JSC to support women's entrepreneurship in Kazakhstan."

The products are identical in duration and a maximum amount of credit. The loan term is up to 36 months to replenish the working capital, up to 60 months - for investment purposes, but not later than January 1, 2018.

A maximum amount is up to 30 million tenge ($ 1-180.87 tenge).

The banks compete only on rates. The effective rate on the terms of cooperation must not exceed 14 percent. The popular and the highest rate indicated by the banks is up to 14 percent (Sberbank, Delta, Eurasian, Tsesnabank and Bank CenterCredit). The minimum rate is up to 13 percent (AsiaCredit). One bank indicated a specific rate - 13.95 percent (Temirbank).

edited by CN

Tags:
Latest

Latest