Financial Support for SME: Collaboration with Forte and Damu
ForteBank, a prominent financial institution in Kazakhstan, has announced a new loan initiative that offers extended funding for both investment and working capital projects. The initiative, which is set to commence from January 1, 2025, comes with a reduced Guaranteed Equity Vehicle Share (GEVS) of 12.6% per annum for final borrowers.
Under this initiative, businesses can apply for loans to support their working capital needs, with a maximum limit of 3.5 billion tenge. For investment projects, the maximum loan amount is set at 7 billion tenge. Notably, funds from this initiative can be utilised for up to three years for working capital and up to ten years for investment projects.
The initiative also extends to the refinancing of existing loans issued from January 1, 2025. However, no specific information is available regarding the terms or conditions for obtaining these loans.
ForteBank, holding License No. 1.2.29/197/36 issued by ARRFR on March 3, 2020, has been active in the financial market. While there is no detailed information about this specific loan initiative, ForteBank has recently been mentioned in the context of issuing US$400 million Eurobonds in the first half of 2025, marking its return to the international debt market.
To find out more about ForteBank's loan initiatives, including interest rates, loan durations, application processes, and other specific terms and conditions, it is recommended to visit their official website or contact their customer service directly. This will provide the most accurate and up-to-date information regarding their loan products.
- Businesses can utilize funds from ForteBank's new loan initiative, extended to both working capital and investment projects, for up to three years and ten years respectively, with a maximum limit of 3.5 billion tenge for working capital and 7 billion tenge for investment projects.
- In addition to offering loans for new projects, ForteBank's initiative includes the refinancing of existing loans issued from January 1, 2025, though specific terms and conditions for obtaining these loans have not been disclosed.
