Lending terms of Borrowers under Damu regions III program

• на приобретение новых и модернизацию основных средств
• на пополнение оборотных средств

• Loan term - not more than 84 (eighty four) months 

• KZT 500,000,000 (five hundred million) 

• not more than 14% (fourteen percent) per annum 

• 0.2% (zero point  two percent) of overdue debt amount for  each day of delay 

• for misuse of loan funds - 15% (fifteen percent) of the amount aimed at inappropriate purpose 
• for nonuse or untimely use of credit facility - 5% (five percent) of the amount of unused or untimely used credit facility

• participation in the authorized capitals of legal entities; 
• covering losses of business activities of end-use borrowers; 
• payment for services  to proxy holders (agents); 
• refinancing of loans of end-use  borrowers; 
• implementation of projects involving the production and / or supply of arms, drug-containing substances and / or  another  property seized  from  civil  circulation; 
• implementation of projects involving the organization / development of gambling industry;  
• implementation of projects involving activities related to terrorism and / or any other activity prohibited by the legislation of the Republic of Kazakhstan; 
• reimbursement of previously incurred costs, repayment of financial assistance received from individuals and legal entities, incl. participants / shareholders / officials  of end-use borrower; 
• acquisition of assets, works and services from affiliated / related  companies / persons; 
• implementation by several affiliated  end-use  borrowers  of one  business project  for the total amount exceeding KZT 500,000,000 (five hundred  million). 

One business project is a combination of two or more projects that meet simultaneously all the following criteria: 

- project is implemented in the territory of one object; 
- activities are carried out in the framework of one subclass of the CCEA; 
- there are financial flows between end-use borrowers implementing one business project; 

• implementation of projects involving the issue of excisable goods (except for the issue of motor vehicles and production of wine made from grapes of own production - at using the guaranteeing tool); 
• projects involving investment in any securities; 
• end-use borrowers implementing projects in the iron and steel industry and included in the List of large taxpayers subject to monitoring in accordance with the decree of the Management Board of the Republic of Kazakhstan dated December 31, 2014 №1434 (to be included at using the guaranteeing tool); 
• implementation of projects in the mining industry, except for working of gravel and sand pits (to be included at using the guaranteeing tool); 
• acquisition of hotels and hotel complexes (to be included at using the guaranteeing tool);   
• acquisition of property / assets subsequently issued in the name of third persons, as well as facility construction on the land plot owned by third parties, except for construction on the land plot which is in state ownership; 
• payment of transactions with clear signs of fraudulence or sham nature in accordance with the civil legislation of the Republic of Kazakhstan. The fact  of fraudulence  or  sham nature is  established  by  the court decision ; 
• payment of any treaties / contracts / agreements which contain information on the legal address and / or bank account details of counteragents registered / opened in offshore zones stipulated in the order of the Minister of Finance of the Republic of Kazakhstan dated February 10, 2010 №52 "On approval of the List of offshore zones for the Law of the Republic of Kazakhstan "About anti-money laundering and terrorism financing" and/or the decree of the Management Board of Agency of the Republic of Kazakhstan on regulation and supervision of financial market and financial organizations dated October 2, 2008 No. 145 "On approval of the List of offshore zones for bank and insurance activities, activity of professional participants of securities market and other licensed types of activity in securities market, activity of pension savings funds and joint-stock investment funds" and/or in other regulations of the Republic of Kazakhstan.