Baku, Azerbaijan, Feb. 18
By Rashid Shirinov – Trend:
Microfinance organization was launched in Kazakhstan’s Karaganda region, and thanks to large companies, its funding will amount to more than one billion tenge, Trend reports via Kazakh media.
This will allow to support about 200 start-up projects.
In general, there is an increase in the development of small and medium-sized businesses in the Karaganda region. Production increased by more than 21 percent, the number of jobs by 6.4 percent. These indicators were achieved thanks to state support.
At the meeting of the region’s administration, head of the Entrepreneurship Department Tatyana Ablayeva noted that microloans through the program of mass entrepreneurship have become more accessible.
Last year, 1245 microloans were issued in the region, mostly through the Agrarian Credit Corporation and the Fund of Financial Support of Agriculture. It is planned that in 2019 residents of the region will be able to receive another 1,500 microloans.
Ablayeva added that training of start-up entrepreneurs through the Business School and Bastau Business projects will continue in the region.
(377.62 KZT = 1 USD on Feb. 18)
---
Follow the author on Twitter: @ShirinovRashid