According to the Bank’s website, the proposed project consists of a straight senior loan of up to US$20 million denominated in Kazakh tenge (KZT) to Limited Liability Company Microfinance Organization “KMF”, a long-standing IFC partner and the largest microfinance institution (MFI) in Kazakhstan. The proposed financing will enable KMF to provide much needed local currency funding to micro and small enterprises (MSEs) in rural areas (50%) and women entrepreneurs (50%) in a challenging economic environment caused by the COVID-19 crisis and further exacerbated by the Russian-Ukrainian war.
Microfinance Organization “KMF” LLC
Deputy Chairperson of the Management Board
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