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Astana, Kazakhstan • 20 March 2023

EBRD Plans to Invest in Women-Led SMEs in Kazakhstan

The investment will be used to provide technical support for female entrepreneurs

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Freepik/pressfoto
Freepik/pressfoto

The European Bank for Reconstruction and Development (EBRD) plans to grant a three-year senior loan of up to $35 million to women-led private micro, small and medium enterprises (MSMEs) in Kazakhstan, QazMonitor reports.

As part of the Kazakhstan Women in Business II initiative, the EBRD is considering a loan to Microfinance Organization KMF, which aims to promote women's entrepreneurship and access to finance, by giving technical support in accessing know-how, business development tools, and networking opportunities.

At least 10% of the loan proceeds will be used for projects of women's enterprises that meet the criteria for transition to green economy.

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