Business Road Map-2020 microcredit increased to 10 million tenge

ASTANA. KAZINFORM - Business Road Map-2020 microcredit has been increased to 10 million tenge, this has been announced by Deputy Minister of National Economy Kairbek Uskenbayev at a meeting of the Majilis Committee on Finance and Budget.

"As requested by the Head of State, the Government adopted a unified program for support and development of business "Business Road Map-2020". According to the program, the instrument of microcredit is implemented in a new format. The new format of the program provides small businesses in rural areas, small towns and company towns, microloans of up to 10 million tenge instead of micro-credits in the amount of 3 million tenge (as it was before)," Mr.Uskenbayev said. According to his words, the annual effective interest rate on the microcredits will not exceed 12 percent for the final borrower.