Development Bank of Kazakhstan intends to support exporters
Domestic exporters may receive 34 billion tenge. The Development Bank of Kazakhstan intends to support producers. The funds are planned to be allocated by the end of the year. Any exporter, regardless of the scope of activity, can apply for a loan. The minimum loan amount is expected to be one billion tenge. Entrepreneurs may use the raised funds for purchasing raw materials and supplies, as well as for covering expenses related to production. With additional funding, entrepreneurs can scale their businesses and expand their export markets. It bears noting that concessional financing is provided by direct loans from the financial institution and within the ‘Nurly Zhol’ state program. In 2021 alone, under that program, the DBK supported 15 exporters with 136 billion tenge.