Entrepreneurs to create four thousand jobs in Kazakhstan

ASTANA. KAZINFORM - In order to stimulate development of entrepreneurship in 2015, the National Fund will allocate money for extending easy-term loans to the entities of small, medium-sized and big business working in the processing industry in the amount of 100 bln tenge, First Deputy Minister of National Economy of Kazakhstan Marat Kussainov told at the CCS media briefing today.

"In addition to those measures, loans from the international financial organization in the amount of 155 bln tenge will be extended for support of the entities of small, medium-sized and big business in the period from 2015 through 2017," he said.

According to him, easy-term loans for the entities of small, medium-sized and big business through the institutes of development and second-tier banks will be aimed at implementation of investment projects, financing of earlier rendered loans, etc. The interest rate for the loans will be not high than 6% with the crediting period not more than 10 years.

"As a result of these loans, the entrepreneurship entities will create over 4000 new jobs," he added.