According to EBRD site, a loan of up to US$ 40 million in KZT has been provided to microfinance organization KMF with the purpose to help to address the economic impact of the Covid-19 pandemic in Kazakhstan. This project was approved as part of the Bank's response to the Covid-19 pandemic.
The operation will enable KMF to increase the availability of short-term financing to MSMEs and individuals facing liquidity stress due to the Covid-19 crisis in Kazakhstan.The proposed loan will be on-lent to local private micro-, small and medium-sized enterprises ("MSMEs") and individuals for business purposes to cover liquidity needs that may arise as a result of Covid-19.
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at firstname.lastname@example.org or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.
COMPANY CONTACT INFORMATION
Elena Skufalyaridyelena.email@example.com+7 (727) 331-74-74www.kmf.kzMFO <>
50, Nazarbayev ave.
Republic of Kazakhstan