The government subsidizes these loans
As part of the state program to support entrepreneurs, the OJSC microcredit company "Entrepreneurship Development Fund," operating under the Ministry of Finance, has started issuing preferential loans for existing small and medium-sized businesses at an annual interest rate of 6%. The Deputy Chairman of the Fund's Board, Adilet Kamchybekov, announced this on the air of Birinchi Radio.
The loans are intended for entrepreneurs engaged in production, processing, export, as well as those working in the IT sector and the field of innovations. Additionally, the funds can be used for services in tourism, education, and healthcare. Furthermore, it is possible to acquire real estate, including premises, but only for the purpose of expanding, modernizing, or increasing the capacity of an already existing business.
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