Women entrepreneurship lending program “Ymit”

Women classified as micro, small and medium-sized entrepreneurship in accordance with the legislation of the Republic of Kazakhstan and engaged in entrepreneurial activities in the form of:

1) individual entrepreneurship without forming a legal entity in accordance with the legislation of the Republic of Kazakhstan;

2) legal entities:

• with the share of participation of woman(women) in the authorized capital not less than 51 (fifty one) percent (for LLP);
• 51 (fifty-one) or more percent of voting shares owned by woman(women) (for JSC);
• where a woman is the CEO of legal entity for at least 1 (one) year.

• For investments - not more than 84 (eighty four) months
• For working capital financing - not more than 36 (thirty-six) months

• investment
• working capital financing

Any sectors of the economy, except for: 

• sector K “Financial and insurance activity”;
• sector L “Real estate operations”;
• sector G “Wholesale and retail trading; repair of motor vehicles and motorcycles”;
• sector F “Construction”;
• sectors of oil and gas extraction, processing (including refining), transportation (transmission and distribution), storage and use for electricity generation (except for own consumption).

• Ultimate Borrower has no debt on taxes and other mandatory payments, debt on mandatory pension contributions, mandatory professional pension contributions and social contributions to the budget (debt of not more than 10 (ten) MCI in total is possible) which is evidenced by a statement of state revenue authorities issued not later than 30 (thirty) calendar days prior to the date of acceptance of Ultimate Borrower's application for financing. This condition shall be verified by the Bank on the date of acceptance of the application for financing.
• Completion of a training course on the basics of entrepreneurship in the European Bank for Reconstruction and Development with obtaining a certificate of completion within the 1^st (first) year from the date of obtaining a loan from the Bank under the Program.
• Entities of women entrepreneurship may not simultaneously obtain loans from different partner banks under the Program. Absence of loans under this Program from other banks shall be confirmed in the application of an entity of women entrepreneurship for financing. In case of identification of violation of this requirement, partner banks shall demand repayment of loan on the terms and conditions stipulated in a loan agreement concluded with an entity of women entrepreneurship, or replace the loan with their own funds, while directing the Fund's resources to other entities of women entrepreneurship, in accordance with the Program.