The European Bank for Reconstruction and Development (EBRD) is extending a total loan of US$25 million to Kazakhstan’s micro-lending institution KMF. This funding will be channeled by KMF as individual sub-loans of up to US$135,000 to MSMEs and women-led enterprises across Kazakhstan, especially in rural areas. KMF has been EBRD’s financial partner since 2005. Meanwhile, these sub-loans will also aim to assist the concerned small domestic enterprises to replenish their working capital and simultaneously tackle the ongoing recession inflicted by the geopolitical tensions caused by Russia’s invasion of Ukraine and the Covid-19 pandemic. The funding will also help the concerned MSMEs grow and create new jobs.
