Fif Kazakhstan Wib Tender

Project ID: 56222
Status: In Exploratory, Pending Final Review
Location: Kazakhstan
Business Sector: Financial Institutions
Notice Type: Private
Environmental Category: FI
Approval Date: 01 Apr 2025
Disclosure date: 07 Apr 2025
Project Description
The provision of a senior unsecured loan in the amount of up to USD 25 million (in US dollar or Kazakhstan tenge equivalent to be determined at disbursement) to Microfinance Organisation KMF ("MFO KMF", "KMF") ("WiB loan"). The loan will be provided under the Kazakhstan Women in Business Programme II ("KazWiB II"), rolled into the Financial Intermediaries Framework ("FIF"). The financing will be used for on-lending to eligible women-led private micro, small and medium-sized enterprises (MSMEs) in Kazakhstan.

Project Objectives
The aim of the loan is to (i) continue supporting women-led MSMEs, helping them navigate the challenging economic situation while enhancing their resilience and adaptability. The loan will be complemented by the enhancement of sustainable credit mechanisms targeted at women-led MSMEs through technical assistance at the KazWiB II level and technical support for women-led MSMEs in accessing know-how, business development tools and networking opportunities; (ii) diversify KMF's funding base; (iii) enhance KMF's product range via digital sales channels. (iv) KMF will also expand the provision of the non-financial services (NFS) targeted at women entrepreneurs, which will improve their access to finance and skills.