Project description
and objectives:
|
KMSFF II continues and expands EBRD’s existing MSE Finance Facility, which was
started in early 2002 and disbursed 15,000 loans to MSEs so far. Within the
established framework structure EBRD will extend credit lines to existing and
potentially new partner banks in the Kyrgyz Republic, who will on-lend these
funds exclusively to micro and small enterprises (MSEs). The project aims to
broaden the access for MSEs to formal sector finance. Special emphasis will be
placed on first time borrowers and MSEs in rural areas.
|
Sub-projects:
|
- Kyrgyz MSEFF II - KKB
- Kyrgyz MSEFF II - ECO Bank
- Kyrgyz MSEFF II - KICB MSE
- Kyrgyz MSEFF II - KKB
|
Transition impact:
|
The transition impact is expected to be high. The institution building and
strengthening of local banks will continue by providing the necessary debt
funding and technical assistance. Special emphasis is placed on the regional
development of the Kyrgyz small business and financial sector.
|
The client:
|
Commercial banks in the Kyrgyz Republic to be selected by EBRD, including AKB
Kyrgyzstan, Halyk Bank Kyrgyzstan, Kazkommertsbank Kyrgyzstan, Inexim Bank.
|
EBRD finance:
|
USD 20 million EBRD financing.
|
Total project cost:
|
Up to USD 30 million, including potentially bi-lateral funds for on-lending
and technical assistance.
|
Environmental impact:
|
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.
|
Technical
cooperation:
|
EUR 1.1 million EU funds. Additional TC up to EUR 1.9 million will be sought.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
|
Company contact:
|
Oksana Pak
email: pako@ebrd.com
|
EBRD contact:
|
Ruslan Kurmanbekov, Operation Leader: kurmanbr@ebrd.com
|
Business opportunities:
|
For business opportunities or procurement, contact the client company.
|
General enquiries:
|
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
|
