"Nurbank and Damu will offer favorable lending options to Small and Medium Enterprises (SMEs)"
In a significant move to stimulate the growth of micro-, small, and medium-sized businesses in Kazakhstan, JSC "Nurbank" has signed an agreement with JSC "Fund for the Development of Entrepreneurship 'Damu'" to participate in the "Örleu" program. This program, aimed at supporting private entrepreneurship, focuses on priority sectors such as processing industry, transport and warehousing, tourism, education, and healthcare.
The "Örleu" program offers preferential loan terms for eligible entities, providing funds for investment, working capital, and loan refinancing. Under this agreement, Nurbank has the opportunity to finance micro-, small, and medium-sized private entrepreneurship entities for a total amount of 12.5 billion tenge.
Gulnara Musatayeva, Chairman of the Board of JSC "Nurbank", expressed pride in contributing to the implementation of the "Örleu" program. She noted that this step is an important one for Nurbank in supporting the development of Kazakhstan's national economy and entrepreneurs.
For entrepreneurs interested in participating in the "Örleu" program, they are encouraged to contact Nurbank's branches for further information. Detailed information about the program can also be found on the website of JSC "FRP 'Damu'" or by calling 1408 (free of charge) from any region, or by contacting the following bank's contact center numbers: 8 (727) 250-00-00, 244-44-44 (for residents and guests of Almaty), 8 8000 800 900 (free of charge from landline phones in Kazakhstan).
While the Orleu national career enhancement center is involved in training initiatives, including special AI and Game Development training for teachers and trainers, the specific details about the program's focus on financing micro-, small, and medium-sized private businesses are not directly mentioned. However, it is likely that entrepreneurs would need to apply through official channels, providing a business plan and meeting specific criteria to be eligible for funding.
It is essential to note that the interest rate for loans provided by Nurbank through the "Örleu" program is 12.6% per annum, with a GESV from 13.5%. Loans provided by Nurbank will be for investment purposes and to replenish working capital.
JSC "Nurbank" operates under license No. 1.2.15/193, issued by the Agency of the Republic of Kazakhstan for the Regulation and Development of the Financial Market. This agreement signed by Nurbank and the Fund "Damu" within the "Örleu" program is considered an important step for Nurbank in supporting the development of Kazakhstan's national economy and entrepreneurs.
Entrepreneurs in Kazakhstan's priority sectors such as processing industry, transport and warehousing, tourism, education, and healthcare might find funding opportunities through the Orleu program, as Nurbank, a participant in the program, offers loans for investment, working capital, and loan refinancing to micro-, small, and medium-sized businesses, with an interest rate of 12.6% per annum.
The financing provided by Nurbank under the Orleu program is part of the bank's efforts to support the development of Kazakhstan's national economy and entrepreneurs, aligned with the program's goal of stimulating growth among small businesses.
%22){kind=link}