Project description
and objectives:
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The proposed framework (KSBP III) is the third phase of EBRD's small business
programme in Kazakhstan, which started in 1998. KSBP III aims to address the
financing gap for micro and small enterprises (MSEs) in remote/rural regions
and in the agriculture sector.
To this end, KSBP III will assist banks with dedicated Technical Assistance
(TA) to build up the necessary institutional capacity for mass scale lending
to rural and agricultural MSEs. EBRD will extend credit lines to selected
Kazakh partner banks, for these banks to on-lend the funds to MSEs in
rural/agricultural areas.
The objective is to further expand the outreach of the Kazakh banks into the
regions and to provide access to finance to those MSEs, which were so far
neglected due to their remote location, limited size or lack of credit history
or collateral. Non-bank Microfinance Institutions (MFIs), meeting the Bank’s
eligibility criteria will also be considered for TA and loan financing under
the framework.
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Sub-projects:
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- KSBP III - Kazakhstan Loan Fund (KLF)
- KSBP III - Alliance Bank
- KSBP III - KazMicroFinance (Debt)
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Transition impact:
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The transition impact is estimated to be high.
The programme has had already a positive impact on the economy and the Kazakh
banking sector via its training and institution building programme. So far
more than 200 MSE finance departments have been established, which have
disbursed more than 143,000 loans to MSEs. The current extension of the
programme into the rural and agricultural sector will provide finance to an
important target group and help to ease regional and economic inequalities.
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The client:
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KSBP III will co-operate with the following existing partner banks
(Kazkommertsbank, Halyk Savings Bank of Kazakhstan, Bank Turan Alem, ATFBank,
Bank CenterCredit), with new partner banks, and potentially with non-bank MFIs.
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EBRD finance:
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USD 100 million framework of senior loans in USD and local currency equivalent
financed by EBRD.
In addition, up to USD 60 million will also be potentially provided via
co-financing and syndications to the commercial market.
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Total project cost:
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USD 160 million.
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Environmental impact:
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The partner banks and non bank MFIs will follow the EBRD’s Environmental
Procedures for Small and Micro Loans in relation to all sub-loans financed
through the credit line. In implementing these procedures, the clients will
assess potential environmental issues associated with sub-projects, which are
required to comply, at a minimum, with local/national health, safety,
environmental and public consultation requirements.
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Technical
cooperation:
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USAID has committed USD 300,000 and additional technical corporation funds are
currently being sought. It is expected that the existing partner banks will
co-finance the technical assistance.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Tanya Tyo
Email: tyot@ebrd.com
Maria Teresa Zappia
Email:
zappiam@ebrd.com
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EBRD contact:
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Firouza Iskhakova, Operation Leader: iskhakof@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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