PROJECT

Projects

Summary of Investment Information

Project Number

50555

Company Name

MICROFINANCE ORGANIZATION ARNUR CREDIT LLP

Date SPI Disclosed

Jan 30, 2025

Country

Kazakhstan

Region

Central Asia and Turkiye

Projected Board Date

Mar 3, 2025

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Jul 16, 2025

Department

Regional Industry FIG MCT

Industry

Financial Markets

Previous Events

Approved : Mar 7, 2025
Signed : Jun 24, 2025
Invested : Jul 14, 2025

Sector

Microfinance and Small Business - Non Commercial Banking

Project Description

 The proposed project consists of a 3-year financing package of up to $15 million equivalent in Kazakh Tenge (KZT) to Microfinance Organization Arnur Credit Limited Liability Partnership (Arnur or the Company). The Company is an existing IFC client and the 8th largest Kazakh microfinance institution (MFI), providing conventional microfinance services in Kazakhstan. The purpose of the proposed IFC investment is to support the Company's lending program to micro and small enterprises (MSEs), including rural-based MSEs and women-owned MSEs, and climate MSEs.

Associated Advisory Engagement

                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation