Project Notice
|
| PNR |
68579 |
| Project Name |
FIF - CA YiB - Bank CenterCredit Loan I |
| Project Detail |
Location: Kazakhstan Project number: 56121 Business sector: Financial institutions Notice type: Private Environmental category: FI Approval date: 09 Apr 2025 Status: Exploratory English-language PSD published: 05 Mar 2025 Project Description The provision of a senior secured loan of up to US$ 20 million in KZT equivalent to Bank CenterCredit JSC (BCC) under the Youth in Business Programme in Central Asia. The financing will be used to support youth-led and youth-owned micro, small and medium-sized enterprises in Kazakhstan. The YiB loan will be provided in two equal tranches, of which the second will be uncommitted. Project Objectives The proposed loan will enable BCC to (i) support youth led/owned MSMEs in overcoming the consequences of the challenging market environment and increasing their resilience and adaptability; (ii) diversify its funding base; and (iii) launch a new product encompassing both financing and nonfinancial services (NFS) targeted at young entrepreneurs, which will increase their access to finance. |
| Funded By |
European Bank for Reconstruction and Development (EBRD) |
| Sector |
Banking & Finance |
| Country |
Kazakhstan , Central Asia |
| Project Value |
KZT 20,000,000
|
