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KMF-HALP.

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

Country :Kazakhstan

Email : elena.skufa@kmf.kz

Url : www.kmf.kz

Financier : INTERNATIONAL FINANCE CORPORATION (IFC),

Financier address : International Finance Corporation

IFC Corporate Relations

2121 Pennsylvania Avenue, NW

Washington DC 20433

Telephone: 202-473-3800

Fax: 202-974-4384

http://www.ifc.org

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Publication:Mena Report
Geographic Code:9KAZA
Date:Dec 15, 2017
Words:290
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