Country - Kazakhstan
Sector - Microfinance and Small Business - Non Commercial Banking
The proposed project consists of a straight senior loan of up to US$85 million denominated in KZT to KMF structured as: (i) an A loan of up to US$ 10 million equivalent in KZT for IFCs own account and (ii) up to US$75 million Hedged A Loan Participation, for the account of participants.
Financing to Limited Liability Company Microfinance Organization KMF ( KMF or the Company ) to support local currency financing of micro and small enterprises, including women enterprises and clients in remote areas of Kazakhstan, structured as (i) an A loan of up to US$10 million equivalent in Kazakh Tenge (KZT) for IFCs own account and (ii) up to US$75 million Hedged A Loan Participation, for the account of participants (the Project ).
KMF is an ultimate leader in the Kazakh microfinance sector, having demonstrated a steady growth in client base, loan portfolio and regional network especially in rural areas since its inception. As of Sep 30, 2017, KMF had a gross loan portfolio of over US$245 million with over 211,000 active micro-borrowers, representing c. 54% market share by loans outstanding. With 1700 staff, KMF operates a developed distribution network of 116 branches and outlets, allowing deep outreach in rural areas
Project completion date : 2019-12-30 12:00:00
Major organization : MICROFINANCE ORGANIZATION KMF LLC
Address : 50, Furmanov street, Almaty 050004,
Republic of Kazakhstan
Email : firstname.lastname@example.org
Url : www.kmf.kz
Financier : INTERNATIONAL FINANCE CORPORATION (IFC),
Financier address : International Finance Corporation
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
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