KMF Digital Bank Build

completed

Current Project intends to support LLC Microfinance Organization “KMF” (KMF, Client or the Company) in its transformation into a Bank by helping the Client to define a clear and achievable business strategy that includes a detailed business plan, financial projections, and technological model review. Abovementioned will assist the Company’s Supervisory Board /Shareholders to make an informed decision on transforming the Company into a bank. IFC's role in the engagement with KMF include (1) project management; and (2) key documents review and assistance in project development and approval process. 1. Project management includes strategic support to ensure quality of the deliverables, timelines, consistency and smooth implementation of the project 2. Review and develop key documents and approval processes of the: a. Bank strategy b. Financial model and business plan c. Technological model review. With IFC's support, current project has a strong potential to transform largest MFI in Kazakhstan to the fully-fledged bank, feasible for future investments. Furthermore, the project provides a ground to engage IFC AS and IS teams to provide implementation support and potential debt and equity investment.