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Kazakh Billionaires will Give Credits for Villagers under 7%

Kazakh Billionaires will Give Credits for Villagers under 7%

The sum of 1,2 billion tenges will be sent to have lower percent credits to support the regional business. This money is provided by ALMEX Group where the main shareholders are Dinara and Timur Kulibayevs.

According to Informburo.kz, the credit will be unsecured and the pilot project is planned to work in four regions."This is final percent. ALMEX is not going to have revenues from credit loan. 7% will cover the cost of people who will serve the borrowers," Abylay Myrzakhmetov, a manager in chief of NCE Atameken, said.

Semi-philanthropic credits will be issued under 7% by the branch offices of the National Camber of Entrepreneurs (NCE) Atameken.

"This is final percent. ALMEX is not going to have revenues from credit loan. 7% will cover the cost of people who will serve the borrowers," Abylay Myrzakhmetov, a manager in chief of NCE Atameken, said.

Villagers need to have desire and business plan to get the microcredit from Atameken.

According to local Mass Media, Timur Kulibayev with his wife Dinara controls Halyk Bank through JSC ALMEX Holding Group. Moreover, they hold assets of ALMEX Plus LLP, Kipros LLP, Mercury LLP, Zhayyk Kurylys-Gaz LLP, JSC Aksaygazservice, Viled Group LLP, Viled Fashion LLP (Saks Fifth Avenue shop), Akbulak Club Resort LLP and 7,45% of assets of the Russian Polymetal.

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