📋 Tender Overview
Project Number
50555
Company Name
MICROFINANCE ORGANIZATION ARNUR CREDIT LLP
Date SPI Disclosed
Jan 30, 2025
Country
Kazakhstan
Region
Central Asia and Turkiye
Projected Board Date
Mar 3, 2025
Environmental Category
FI-3
Status
Pending Approval
Last Updated Date
Department
Regional Industry FIG MCT
Industry
Financial Institutions
Sector
Microfinance and Small Business - Non Commercial Banking
Description: Project Description
The proposed project consists of a 3-year financing package of up to $15 million equivalent in Kazakh Tenge (KZT) to Microfinance Organization Arnur Credit Limited Liability Partnership (Arnur or the Company). The Company is an existing IFC client and the 8th largest Kazakh microfinance institution (MFI), providing conventional microfinance services in Kazakhstan. The purpose of the proposed IFC investment is to support the Company's lending program to micro and small enterprises (MSEs), including rural-based MSEs and women-owned MSEs, and climate MSEs
