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        KAZAKHSTAN MICRO LENDING

        Signature(s)

        Amount
        € 27,088,036.12
        Countries
        Sector(s)
        Kazakhstan : € 27,088,036.12
        Credit lines : € 27,088,036.12
        Signature date(s)
        23/12/2019 : € 11,828,442.44
        23/12/2019 : € 15,259,593.68

        Summary sheet

        Release date
        21 June 2019
        Status
        Reference
        Signed | 23/12/2019
        20180814
        Project name
        Promoter - financial intermediary
        KAZAKHSTAN MICRO LENDING
        MICROFINANCE ORGANIZATION KMF LLC
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        USD 32 million (EUR 29 million)
        not applicable
        Location
        Sector(s)
        Description
        Objectives

        The project consists of a loan to KazMicroFinance (KMF) LLC for micro-lending operations in Kazakhstan. Part of the project will be dedicated to financing of micro projects targeting climate action and environmental protection.

        This project will improve competitiveness and access to finance at favourable conditions for private micro-entreprises and self entrepreneurs in Kazakhstan.

        Environmental aspects
        Procurement

        Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

        Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

        Under ELM Guarantee
        Comments

        This operation is covered by the ELM Guarantee.

        This operation will include an EU Political Guarantee for one tranche, corresponding to approximately 50% of the total loan.

        Disclaimer

        Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
        They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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