This is the first tranche of a $500 million multitranche financing facility (MFF) to the Damu Entrepreneurship Development Fund (Damu), guaranteed by the Republic of Kazakhstan, for the Small and Medium Enterprise Investment Program. The MFF is proposed to help Damu--through participating financial institutions (PFIs)--address the unmet demand for longer-term, fixed-rate, local currency denominated credit by small and medium-sized enterprises (SMEs), and thereby address a key constraint to the development of SMEs.
The first tranche amounts to the local currency equivalent of $150 million.
Latest Project Documents
|Small and Medium Enterprise Investment Program - Tranche 1: Program Completion Report||Sep 2015|
|Improving Capacity to Support SME Development||Jun 2014|
|SME Survey - A Needs Assessment||May 2013|
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