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In Kazakhstan, PROPARCO is supporting KMF, a microfinance institution very active in rural areas

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Client de l'institution de microfinance KMF
©KMF

By allocating KMF a loan in local currency (Kazakh tenge) equivalent to USD 15m, PROPARCO is reiterating its support to a major microfinance player whose clients are mainly rural dwellers.

In Kazakhstan, microfinance institutions (MFIs) play a key role in rural areas where people often have difficulties accessing the resources they need to finance their activities. As with the loan allocated by PROPARCO in 2017 in tenge, equivalent to USD 10m, this new loan will allow the microfinance institution to continue to support the economic and social development of populations that are underserved by traditional financing, especially in rural areas.