MFO "Arnur Credit" announces utilization of first tranche of loan from European Bank for Reconstruction and Development

06.05.22 17:47
/KASE, May 6, 2022/ – MFO "Arnur Credit" LLP (Shymkent), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release: quote We are pleased to announce the successful utilization of the first tranche of borrowed funds under the loan agreement dated February 1, 2022, concluded between the European Bank for Reconstruction and Development (hereinafter referred to as the EBRD) and MFO "Arnur Credit" LLP as part of the Women in Business program to finance female entrepreneurs. The total amount of EBRD financing under this program is US$4 million, of which 10% is allocated to finance energy efficient modernization of Kazakhstan's business and residential sector. Female entrepreneurs who are managers or owners of micro (including individual entrepreneurs and self-employed), small and medium-sized businesses can take advantage of the program and receive funding, including a green loan. unquote The full press release is available on – https://kase.kz/files/emitters/MFAC/mfac_relizs_060522.pdf [2022-05-06]