Under this project DFC to is going to provide 14 625 million USD to Tengri Bank JSC, Kazakhstan. The Project will support the expansion of Tengri’s lending activities in Kazakhstan, addressing significant unmet demand for medium-long term capital among SMEs. At least 25% of the loan proceeds will be used in support of SMEs that are majority owned or managed by women.The Project Company is also expected to hire over 75 employees as a result of the Project.
The Project is expected to have a highly developmental impact by expanding the availability of financing for small and medium enterprises (“SMEs”) in Kazakhstan.The
Project expects to lead to substantial demonstration impacts through the implementation of products and services that are new or uncommon to Kazakhstan including:
Contacts of JSC " Tengri Bank"
JSC “Tengri Bank” is a financially sustainable commercial bank being the component of the economic system of the Republic of Kazakhstan, dynamically developing for more than 20 years and enjoying confidence in many regions of the country.