According to the Bank's website, this project provides financing to Limited Liability Company Microfinance Organization for funding micro and small enterprises, including women enterprises and clients in remote areas of Kazakhstan.
KMF is a leader in the Kazakhstan microfinance sector and has demonstrated a steady growth in client base, loan portfolio and regional network since its inception in 1996. As of end-2018, the Company had a gross loan portfolio of US$313 million and 243 thousand active clients, representing up to 54% microfinance industry market share by outstanding loans. The Company operates a developed distribution network with 117 offices including 14 regional branches, two regional back offices and a Head Quarter allowing deep outreach in rural areas.
KMF’s main sponsor is KMF-Demeu, an NGO 100% owned by ACDI/VOCA, a Washington, D.C. based non-profit developmental organization. In 2014, Triodos Investment Management, the Netherlands and ResponsAbility Investments AG, Switzerland joined KMF as shareholders. Current shareholding structure of KMF looks as follows: 45.44% - KMF-Demeu; 24.17% - Triodos, 24.17% - ResponsAbility; 6.22% - management and employees.
No contact information provided at the time of writing.
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