EBRD provides US$ 50 million loan to KMF Bank

• EBRD lending US$ 50 million to Kazakhstan’s KMF Bank
• Funds will support MSMEs and businesses owned or led by women
• Project supported by the government of Kazakhstan

The European Bank for Reconstruction and Development (EBRD) is deepening cooperation with Kazakhstan’s KMF Bank by providing a financing package of up to US$ 50 million (€43.4 million).
The financing programme to KMF Bank, an EBRD client since 2005, will consist of:

• a senior loan of up to US$ 40 million (€34.7 million) for lending to private micro-, small and medium-sized enterprises (MSMEs) that will be disbursed either in US dollars or in Kazakhstan tenge
• a senior loan of up to US$ 10 million (€ 8.7 million) under the EBRD’s Kazakhstan Women in Business Programme II. The funds will also be disbursed either in US dollars or in local currency and will be earmarked for supporting businesses led or owned by women.

The loans will be complemented by advisory services, training, networking, mentoring and other knowledge products available through the EBRD’s Advice for Small Businesses programme.
The project is supported by the government of Kazakhstan.

The EBRD has invested almost US$ 12.8 billion (€11 billion) in Kazakhstan to date through 354 projects, making the country the largest and longest‑running recipient of EBRD investment in Central Asia.