Project description
and objectives:
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The planned Facility (KSBP III) is the third and final phase of EBRD's small
business programme in Kazakhstan, which started in 1998. KSBP III aims to
close the remaining financing gap for micro and small enterprises (MSEs) in
remote/rural regions and in the agriculture sector. To this aim KSPB III will
assist the banks with dedicated Technical Assistance to build up the necessary
institutional capacity for mass scale lending to rural and agricultural MSEs.
EBRD will further extend credit lines to selected Kazakh partner banks,
including commercial co-financing, for these banks to on-lend the funds to
MSEs in rural/agricultural areas. The objective is to further expand the
outreach of the Kazakh banks into the regions and to provide access to finance
to those MSEs, which were so far neglected due to their remote location,
limited size or lack of credit history or collateral.
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Transition impact:
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The transition impact is estimated to be high. The Programme has had already a
positive impact on the economy and the Kazakh banking sector via its training
and institution building programme. So far more than 200 MSE finance
departments have been established, which have disbursed more than 125,000
loans to MSEs. The current extension of the programme into the rural and
agricultural sector will provide finance to an important target group and help
to ease regional and economic inequalities.
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The client:
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KSBP III will co-operate with the following existing partner banks
(Kazkommertsbank, Halyk Savings Bank of Kazakhstan, Bank Turan Alem, ATFBank,
Bank CenterCredit) and potentially new partner banks.
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EBRD finance:
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USD 55 million framework of senior loans in USD and local currency equivalent
financed by EBRD with a potential increase to USD 100 million and co-financing
funds up to USD 100 million
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Total project cost:
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USD 155-200 million.
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Environmental impact:
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The partner banks will follow the EBRD’s environmental Procedures for Small
and Micro Loans in relation to all sub-loans financed through the credit line.
In implementing these procedures, the banks will assess potential
environmental issues associated with sub-projects, which are required to
comply, at a minimum, with local/national health, safety, environmental and
public consultation requirements.
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Technical
cooperation:
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Technical corporation funds currently being sought.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Tanya Tyo, email: tyot@ebrd.com or Elvira Lefting, email: leftinge@ebrd.com
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EBRD contact:
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Firouza Iskhakova, Operation Leader: iskhakof@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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