The Board of Directors of the 'Damu' Fund reviewed the results of 2025
The Damu Entrepreneurship Development Fund has reviewed its 2025 performance in a recent board meeting led by Serik Zhumangarin. So far this year, the fund has backed nearly 11,000 projects with a total value of 1.9 trillion tenge. Officials now aim to increase support to 13,000 projects worth 2.3 trillion tenge by December 2025.
During the meeting, Damu highlighted its shift from non-market support to more market-based financial tools. One key initiative, Guarantee Fund 1 (GF-1), has already supported over 2,500 projects totalling around 440 billion tenge. The manufacturing sector received the largest share of GF-1 loans, accounting for 39% of all approvals.
The fund also reported strong financial results. By the end of November 2025, Damu’s return on assets (ROA) reached 7.6%, well above the annual target of 2.6%. Under GF-1, 70% of approved projects directed funds toward investments, such as setting up new production facilities or buying equipment. The fund has signed agreements with 11 second-tier banks, the Industrial Development Fund JSC, and the Aktobe Regional Financial Corporation JSC to expand its reach.
Damu’s latest figures show significant growth in project support and financial performance. With plans to assist an additional 2,000 projects by year-end, the fund continues to prioritise investment-driven initiatives. The focus remains on strengthening market-based tools while maintaining strong returns.
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