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Arnur Credit

Sector: Raw Materials • Location: Kazakhstan

Source: International Finance Corporation (IFC)

Project
Completed

The proposed project is to provide a senior loan of up to $3 million equivalent to Microcredit Organization Arnur Credit LLP (the “Company”), one of the leading commercial microfinance institutions in Kazakhstan. Proceeds of the loan will be used to finance the expansion of the Company’s lending activities to micro and small entrepreneurs (the “Project”). Arnur Credit currently seeks long-term fun

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Project Information

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The project “Arnur Credit” is an infrastructure initiative in the Raw Materials sector, located in Kazakhstan. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Company

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Status

Original status

completed

Taiyo status

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Description

Description

The proposed project is to provide a senior loan of up to $3 million equivalent to Microcredit Organization Arnur Credit LLP (the “Company”), one of the leading commercial microfinance institutions in Kazakhstan. Proceeds of the loan will be used to finance the expansion of the Company’s lending activities to micro and small entrepreneurs (the “Project”). Arnur Credit currently seeks long-term funding to continue its dynamic growth and continue offering existing and new products to its target clientele. Arnur Credit is one of the leading microfinance organizations operating in the southern region of Kazakhstan and serves more than 6,000 clients, of which 40% are women, through its network of 38 branches. Arnur Credit provides a range of products to its clients with rural loans for agricultural purposes accounting for more than 40% of portfolio and number of clients. Arnur’s average loan size is about $2,000.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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