Release date: 21 June 2019
Promoter – Financial Intermediary
MICROFINANCE ORGANIZATION KMF LLCLocation
Description
The project consists of a loan to KazMicroFinance (KMF) LLC for micro-lending operations in Kazakhstan. Part of the project will be dedicated to financing of micro projects targeting climate action and environmental protection.
Objectives
This project will improve competitiveness and access to finance at favourable conditions for private micro-entreprises and self entrepreneurs in Kazakhstan.
Comments
This operation will include an EU Political Guarantee for one tranche, corresponding to approximately 50% of the total loan.
Sector(s)
- Credit lines - Credit lines
Under ELM Guarantee
This operation is covered by the ELM Guarantee.
Proposed EIB finance (Approximate amount)
USD 32 million (EUR 29 million)
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 23/12/2019
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).