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The Source of Photograph: NC KazAutoZhol JSC

Today, the Chairman of the Board of NC KazAutoZhol JSC, Ulan Alipov, and the Chairman of the Board of the Baiterek Venture Fund JSC, Zhandar Kutbai signed a Memorandum of Cooperation. The companies plan to cooperate under the Concessional Financing in the Capital Program, implemented by Baiterek Venture Fund jointly with the second-tier Banks, such as Sberbank, Forte Bank, CenterCredit Bank, Alfa Bank, VTB.

The program is being implemented in two directions: support for corporate business and Small and Medium Enterprise development. Under this Program attractive financing conditions are provided for representatives of SMEs, including those who plan to open a roadside service facility, namely rate of interest is up to 8% per annum, amount of investments is up to KZT1 billion with a term of the investment up to 10 years. The projects in various sectors can receive financing, including projects in the field of infrastructure, services and tourism.

In turn, NC KazAutoZhol JSC has allocated 650 sites along the republican roads for the Entrepreneurs. According to the national standard for Categories A, B, C and D small and medium Entrepreneurs can open small canteens or large complexes with parking areas, hotels and shops.