A government decision has been made to approve the regulation on the procedure for granting loans to families included in the "Poor Families Register."
According to this regulation, within the framework of the "From Poverty to Prosperity" program, AT "Khalq Bank" and ATB "Microcredit Bank" will provide loans to poor families for purchasing the following items:
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Laptop;
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Small production equipment for starting a business;
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Mobile shops, motor scooters, scooters, and other essential tools.
Loan applications can be submitted by the borrower independently or, if necessary, with the help of the "mahalla yettligi" through the platform. Applications are accepted for consideration within one business day based on scoring. The appointed supervisor examines the application within 5 business days and posts the decision regarding loan approval or rejection on the platform.
Loans will be granted to borrowers under the Family Entrepreneurship Development Program at an interest rate with additional fees:
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For the purchase of 1 laptop up to 15 million sums for a term of up to 5 years with a 2-year grace period;
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For the purchase of essential equipment for starting a business up to 30 million sums for a term of up to 5 years with installment payments.
Furthermore, this decision is an important step in expanding economic opportunities for poor families, developing entrepreneurship, and improving the standard of living in the country.
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