📋 Tender Overview
Project ID: 56221
Status: Approved
Location: Kazakhstan
Business Sector: Financial Institutions
Notice Type: Private
Environmental Category: FI
Approval Date: 29 Jul 2025
Disclosure date: 05 Aug 2025
Project Description
The provision of a senior unsecured loan of up to USD 7.0m (€6.1m) in KZT equivalent (as determined at the time of disbursement) to Arnur Credit ("AC") - a private microfinance organisation based in Kazakhstan. The loan will be provided in one tranche under the Youth in Business Programme for Central Asia ("YiBP CA", or the "Programme"), which is rolled into a blended finance programme under the Financial Intermediaries Framework ("FIF").
Project Objectives
The aim of the loan is to (i) continue supporting youth MSMEs in Kazakhstan, helping them overcome the consequences of the challenging market environment and increase their resilience and adaptability; (ii) diversify AC's funding base; and (iii) strengthen AC's digital sales channels. AC will continue providing loans aimed at investments in climate change mitigation and adaptation technologies and services supporting Green Economy Transition.
Transition Impact
ETI score: 71
71 (FW)
The transaction will be the second loan to AC under the YiBP CA. The project will contribute to the Programme's objectives and support its Inclusive (Primary) and Competitive (Secondary) qualities. The project is expected to increase lending to young entrepreneurs, support AC's capacity building and promote the transfer of skills to young business owners/ managers.
Client Information
ARNUR CREDIT MICROFINANCE ORGANIZATION LLP
Arnur Credit ("AC") is a private microfinance organisation in Kazakhstan with total assets of USD 102 million, total equity of USD 25 million, over 20,000 active clients, and 46 offices as of YE2024. AC is headquartered in Shymkent, a major city in the South of Kazakhstan.
