Microlending increases in Kazakhstan’s Kostanay

Business Materials 28 January 2019 14:33 (UTC +04:00)

Baku, Azerbaijan, Jan. 28

By Rashid Shirinov – Trend:

This year 3.6 billion tenge was allocated for microcrediting in Kazakhstan’s Kostanay region as part of the Program for the Development of Productive Employment and Mass Entrepreneurship for 2017-2021, Trend reports referring to the Kazakh media.

Head of the regional agriculture department, Zhansultan Taukenov, noted that last year 3.08 billion tenge was allocated.

"Last year, 933 microloans were issued and 939 jobs were created. The main business direction was animal husbandry with 640 projects or 68 percent," he said.

Through the microloans, 2,100 heads of cattle, 1,000 heads of small cattle, 1,300 horses and 11,000 pigs were purchased.

"For 2019, under the productive employment program, it is planned to allocate 3.6 billion tenge, of which 3.08 billion tenge are from the state budget and 518.6 million tenge are from the local budget," Taukenov added.

It should be noted that this year there are some changes in the program. Starting from this year, active entrepreneurs, whose activity ranges from three years and above, can participate and receive financing, although previously only aspiring entrepreneurs with a registration period of 1 to 3 years could participate in the program.


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