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Article: IFC INVESTMENT PROMOTES ACCESS TO FINANCE FOR SMES IN KYRGYZSTAN.
- Article from:
- AsiaPulse News
- Article date:
- November 4, 2009
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BISHKEK, Nov 4 Asia Pulse - IFC, a member of the World Bank Group, will provide a US$10 million loan to ATFBank-Kyrgyzstan, a leading financial institution in the Kyrgyz Republic, to support the banks lending to small and medium enterprises (SMEs) in the country, IFC said in a press release on November 2.
IFC's medium-term loan will help increase the availability of banking services and financial products for Kyrgyz small and medium enterprises at a time of limited funding opportunities in the country and the current challenging global economic environment.
The investment also will help the bank diversify, increase the volume of funding and better manage ...