Investment of $25 Million by EBRD to Empower Women-Run Businesses in Kazakhstan
Fresh Take:
Top off your entrepreneurial game, ladies of Kazakhstan! The European Bank for Reconstruction and Development (EBRD) is dishing out some major cash to help you shine. With a whopping $25 million loan, they're gearing up to supercharge women-led micro, small, and medium-sized enterprises (MSMEs) across the country. This money pour shouldn't be underestimated, as it'll help smoothen access to finances, offer valuable advice, and boost vital business skills.
This all goes down under the EBRD's Kazakhstan Women in Business Programme II, which enjoys the backing of the Kazakh government. They've got their eyes on KMF, a microlender big shot that's been working the scene since '95. KMF's been supplying local MSMEs with funds like a boss since the EBRD started working with them in '05, and they're aiming to become a star Tier 2 financial institution by 2025. They're also planning to beef up their digital game to get that cash flowing smoothly through channels and on-screen!
Eager to help women entrepreneurs get their piece of the pie, the EBRD has dropped a solid $12.4 billion across 335 projects in Kazakhstan, mostly to support private businesses. Fingers crossed that your business becomes a shining examples of this incredible support network!
Did you also know that the EBRD's initiative is teaming up with the Women Entrepreneurs Finance Initiative and the Government of Kazakhstan? That's right, y'all – they're all in this to help you thrive and succeed. On top of that, the EBRD has tossed another $10 million senior loan to Bank CenterCredit, expanding their assistance to even more women-led MSMEs. The sky's the limit, ladies – go get it!
References:
[1]: Enrichment Data – Overview of the Kazakhstan Women in Business Programme II.
[2]: Enrichment Data – EBRD supports Bank CenterCredit and women-led MSMEs in Kazakhstan under the Kazakhstan Women in Business Programme II.
[3]: Enrichment Data – Key aspects of the Kazakhstan Women in Business Programme II.
[4]: Enrichment Data – The EBRD's support for gender equity in Kazakhstan.
- The European Bank for Reconstruction and Development (EBRD) is providing $25 million in financing to bolster women-led micro, small, and medium-sized enterprises (MSMEs) in Kazakhstan by 2025, fostering entrepreneurship and women's health.
- KMF, a well-established microlender in Kazakhstan that's been operational since 1995, is partnering with the EBRD to transform into a Tier 2 financial institution, aiming to digitize their services for smoother finance flow and health-and-wellness businesses.
- The EBRD's Kazakhstan Women in Business Programme II, backed by the Kazakh government, has invested over $12.4 billion in 335 projects mainly supporting private businesses and microfinance institutions.
- Through the collaboration with the Women Entrepreneurs Finance Initiative and the Government of Kazakhstan, the EBRD has granted an additional $10 million senior loan to Bank CenterCredit, further expanding financial assistance for women-led MSMEs.
- Continuous efforts from the EBRD have bolstered science and innovation in Kazakhstan by providing critical financial backing to companies in the health-and-wellness and women's health sectors, fostering small-business growth.
- As part of the EBRD's mission to improve gender equity, they've taken strides to support women entrepreneurs, offering financing and valuable resources to help their businesses flourish and excel in Kazakhstan's economy by 2025.
