The program of concessional capital financing for a total amount of 50 billion tenge was presented.

The uniqueness of this Program lies in the ability of entrepreneurs to raise capital financing on preferential terms. The prerequisites for the development of the Program are the current problems faced by domestic entrepreneurs, namely the high cost of financing, high credit burden, lack of collateral, lack of long-term lending, as well as burdensome debt service conditions. Moreover, the Program is designed to facilitate business access to investment and expand the scope of the use of the direct capital financing instrument. Thus, Kazyna Capital Management offers an alternative affordable instrument for bank lending. The Program provides for attractive financing conditions: interest rate of 8% per annum, investment amount up to 5 billion tenge for up to 10 years. KKM's participation in financed companies is limited to 49% in the capital, which ensures that the entrepreneur retains control over the management of the company. The program involves financing a wide range of industries, including manufacturing, infrastructure projects, and more. The Program will be implemented in two directions: support for corporate business and development of SMEs. The Program is operated by subsidiaries of Kazyna Capital Management - Baiterek Venture Fund and BV Management. At the same time, partner banks represented by Sberbank, ForteBank, Bank CenterCredit, VTB Bank and Alfa-Bank were also involved in the development of SMEs. “Today, domestic entrepreneurs have a number of problems associated with limited access to credit instruments. To solve these problems, KKM has developed a new Program for a wide range of enterprises from SMEs to large businesses, which will expand the use of capital investment instruments among the business community of our country. Moreover, potential projects that were already under consideration by KKM expressed their interest in participating in the Program, ”noted Ardak Kassymbek, Chairman of the Board of Kazyna Capital Management JSC. In confirmation of these words, within the framework of the presentation of the program, a subsidiary of KKM, the investment fund Baiterek Venture Fund, concluded an agreement on investment in the Kazmyaso LLP project for a total amount of 2.5 billion tenge. Funding will be directed to the development of the existing livestock cluster in the Almaty region, which is one of the leaders in this segment. The Fund's investments are aimed at improving the material and technical base, which will allow achieving a one-time maintenance of up to 7,000 head of breed cattle and the production of 2,500 tons of meat products per year. Kazyna Capital Management JSC (KKM) is a private equity fund, established in 2007 to promote sustainable development of the national economy. KKM family funds provide capital to companies in various sectors of the economy with the aim of further growth and increasing competitiveness. KKM is a part of Baiterek National Management Holding JSC. Baiterek Venture Fund JSC (BVF) is a Kazakhstani private equity fund, a subsidiary of Kazyna Capital Management JSC. Invests in projects in the manufacturing industry in Kazakhstan by providing equity financing. LLP "BV Management" (BVM) – management company, subsidiary Kazyna Capital Management JSC. Managing partner of DBK Equity Fund and KCM Sustainable Development Fund I.