WBC - Tengri Bank JSC (Kazakhstan) (DFC-TENGRIBANK)

Countries
  • Kazakhstan
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Tengri Bank JSC
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 14.63 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 15.45 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Aug 24, 2019

Disclosed by Bank Jun 4, 2018


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Project Description

According to the Agency's document, this project will finance the expansion of Tengri's lending activities in Kazakhstan, especially among small- and medium-sized enterprisies. At least 25% of the loan proceeds will be used in support of small- and medium-sized enterprises that are majority owned or managed by women. 

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors