/KASE, September 29, 2023/ – MFO "Arnur Credit" LLP (Shymkent), whose
bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided
KASE with the following press release dated September 29, 2023:
quote
IFC is increasing its support for small businesses and female entrepreneurs in
Kazakhstan
- IFC provides $9 million in financing to MFO "Arnur Credit" LLP
- Half of the funds will go to women-owned businesses
IFC is investing in one of Kazakhstan's leading microfinance institutions to
increase financing for micro and small enterprises (MSEs), with a special focus
on women-owned and small businesses in the country's underserved southern
regions.
IFC's $9 million investment in Arnur Credit LLP, the country's seventh largest
microfinance institution, will be distributed among rural MSEs and women-owned
enterprises. With 44 sub-offices, Arnur Credit's operation covers Qyzylorda,
Turkestan, Zhambyl and Almaty regions, as well as the cities of Almaty and
Shymkent, allowing the organization to serve farmers and small businesses in
remote and rural areas where financial services are often limited, thus
contributing to their economic development.
unquote
The complete press release is available on –
https://kase.kz/files/emitters/MFAC/mfac_relizs_290923.pdf
[2023-09-29]