Over 6,000 Jobs Created by Almaty Business Support Program

Over 6,000 Jobs Created by Almaty Business Support Program

15.10.2025 10:40:38 267

ALMATY – The outcomes of the Almaty Business-2025 program were presented by Berik Kusainov, Chairman of the Board of JSC "Almaty Finance," during a briefing at the Almaty Regional Communications Service.

Berik Kusainov reported that in the first nine months of 2025, Almaty Finance and its microfinance organization "MFO Almaty" financed 70 projects to the tune of 9.8 billion tenge, which led to the creation of 793 new jobs. "Support was provided to entrepreneurs in a wide range of sectors, including manufacturing and processing, healthcare, education, social entrepreneurship, the creative economy, tourism, sports, and public services," he noted.

Since the program's launch, subsidiaries and affiliates of "Almaty SPRC" have financed a total of 774 projects, with a combined value of 52.7 billion tenge, creating 6,168 jobs. The largest share of funding was allocated to projects in manufacturing and processing (32%), healthcare (14%), social entrepreneurship (9%), tourism (7%), the creative industry (7%), the service sector (6%), and education (5%). The program also financed the construction of 18 small industrial parks.

A budgetary allocation of 25.6 billion tenge was leveraged through a revolving fund mechanism to secure total financing of 52.7 billion tenge. The Bostandyk and Alatau districts were the leaders in terms of the number of projects financed.

Program Background:

The Almaty Business-2025 program was approved in 2019 by the Almaty City Maslikhat. Its primary goals are to foster entrepreneurship and improve access to business financing. For its implementation, JSC "Almaty Finance" and its subsidiary "MFO Almaty" were established and integrated into the "Almaty SPRC" group of companies.

The program provides preferential lending to micro, small, and medium-sized businesses (MSBs). Loans are offered for up to 7 years at annual interest rates of either 2% or 6%. The 2% rate is available to low-income large families, individuals with disabilities (Group I and II), families raising children with special needs, and residents of small industrial parks. The 6% rate is intended for both existing and start-up MSB entities in Almaty.

Source : https://www.gov.kz/memleket/entities/almaty/press/news/details/1086329?lang=kk