By Al Jazeera Tv
Copyright trend
ASTANA, Kazakhstan, October 2. The European
Bank for Reconstruction and Development (EBRD) will provide a loan
of up to $7 million (6 million euro) to Kazakh microlender Arnur
Credit to support micro, small, and medium-sized enterprises
(MSMEs), Trend reports via the bank.
The funding is part of the EBRD’s Youth in Business (YiB)
programme for Central Asia and will target young entrepreneurs
across Kazakhstan. This marks the second YiB loan extended to Arnur
Credit, aimed at boosting youth employment and
entrepreneurship.
Alongside capital infusion, qualifying small enterprises will
gain entry to a suite of capacity-building initiatives,
consultative frameworks, and synergistic networking avenues via the
EBRD’s Advice for Small Businesses program. At the outset of this
calendar year, Arnur Credit synergized with the banking institution
to deliver a comprehensive YiB-driven training module for a cohort
of 65 emerging entrepreneurs across the regions of Shymkent,
Turkestan, and Almaty.
The EBRD has been active in Kazakhstan since 1992, focusing on
enhancing private-sector competitiveness, improving connectivity,
and strengthening economic governance. The bank also supports
Kazakhstan’s transition to a green economy, promoting carbon
neutrality and climate resilience, while encouraging economic
inclusion and gender equality through increased private-sector
participation. To date, the EBRD has invested more than 10 billion
euro across 340 projects in the country, with the bulk of funding
directed toward private sector development.
