Soft-window facility for business entities
Soft-window facility is aimed at supporting business entities traumatized by the imposition of the state of emergency by providing soft loans for working capital financing.
General financing conditions:
Business entity that is a resident of the Republic of Kazakhstan, having confirmation of the deterioration in financial condition due to the imposition of the State of Emergency * in the country.A state of emergency introduced in the Republic of Kazakhstan in accordance with the Decree of the President of the Republic of Kazakhstan dated March 15, 2020 No. 285 "On the imposition of the state of emergency in the Republic of Kazakhstan".
|Nominal rate of return||
no more than 8.0% per annum (AERR for 8.3%)
|Lending purpose||working capital financing|
|Period||No more than 12 months|
for large sized business entities, legal entities – not more than 6.0 billion KZT
for small and medium sized business entities, legal entities – not more than 3.0 billion KZTfor individual entrepreneurs – not more than 50.0 million KZT
|Criteria for confirming deterioration in financial condition||
compliance with one or more documented criteria that take place during the state of emergency and within 2 months after its cancellation:
1. decrease in the volume of goods and (or) services sold
2. delay in payment from buyers3. reduction in the number of employees