In 2025, the Entrepreneurship Development Fund "Damu" allocated 315.4 million tenge in compensation to its board members, a 34.9% increase from the previous year, reports infohub.kz.
The average compensation per board member, however, dipped slightly. In 2024, each of the five top executives received an average of 46.8 million tenge; in 2025, that figure fell to 45.1 million tenge per person as the board expanded from five to seven members — a decline of about 3.7%.
Over the past five years, compensation has trended as follows: In 2025, with seven board members, total compensation stood at 315.4 million tenge, averaging 45.1 million tenge each (down 3.7% from 2024). In 2024, with five members, total was 233.8 million tenge (average 46.8 million, up 31.4% from 2023). In 2023, with six members, total was 213.5 million tenge (average 35.6 million, up 11.2% from 2022). In 2022, also with six members, total reached 191.9 million tenge (average 32.0 million, up 0.8% from 2021). In 2021, with five members, total was 158.7 million tenge (average 31.7 million, up 22.2% from 2020). In 2020, with seven members, total was 181.8 million tenge (average 26.0 million).
Compared to 2020, the average annual compensation per board member has risen by 73.5%, or 19.1 million tenge.
Damu is a state development institution that supports small and medium-sized businesses, providing subsidies on loans, guarantees, concessional financing, and other government support measures.
The fund's sole shareholder is the national management holding Baiterek.
Earlier, Damu announced it would allocate 271 billion tenge to support small and medium enterprises.