Project Notice
|
| PNR |
14548 |
| Project Name |
Forte Bank SME Loan II Project |
| Project Detail |
Project Description
A 3-year senior loan to ForteBank JSC ("Forte") in the amount of up to USD 50 million in KZT equivalent. The financing will be used for on-lending to eligible private micro, small and medium-sized enterprises (MSMEs) in Kazakhstan.
Project Objectives
The project aims to support local currency lending to the MSME sector in Kazakhstan by providing long-term financing to Forte, one of the largest lenders in the country. A special focus will be given to distribution of funds in the regions outside the cities of Astana and Almaty.
Transition Impact
The project will support Fortes lending to private MSMEs in Kazakhstan and improve access to long-term funding in local currency for MSMEs. The project will also focus on regional outreach and attraction of new MSME clients. |
| Funded By |
European Bank for Reconstruction and Development |
| Sector |
Financial Services |
| Country |
Kazakhstan , Central Asia |
| Project Value |
KZT 50,000,000
|
