KMF and the Japan International Cooperation Agency will allocate $50 million to support the development of microbusinesses in Kazakhstan.
Author - Mansur Ismagulov
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KMF has signed a loan agreement with the Japan International Cooperation Agency (JICA). This is JICA's first project in Kazakhstan, with funds allocated to finance the private sector, including women-led businesses and the agricultural sector. KMF notes that the investments will improve access to financing for micro-businesses and enhance their competitiveness.
KMF has signed a loan agreement with the Japan International Cooperation Agency (JICA). The funds allocated by the agency will be directed toward financing the private sector, including enterprises owned by women. For JICA, this project is the first in Kazakhstan.
KMF notes that the investments will improve access to financing for microbusinesses and enhance their competitiveness. Currently, micro- and small businesses account for over 90% of the company's portfolio. Of this, nearly 40% is in agriculture. Funds from JICA will also be directed toward supporting the agricultural sector.
Source: kursiv.media
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