LONDON, April 9, 2024 (GLOBE NEWSWIRE) — Emerging Markets Global Advisory LLP (EMGA) has announced that it has secured a US$50 million senior debt facility from the Japan International Cooperation Agency (JICA).
KMF Chairman Sharkar Zhusupov: “This is the first time KMF has entered into a partnership with JICA, whose goals and mission are close to ours. We are grateful to EMGA and JICA for their trust and support. JICA will be used to implement projects that support MSMEs, including local entrepreneurs, creating new opportunities and contributing to economic growth.”
Sajeev Chakkarakkal, Head of Investment Banking and Managing Director, EMGA, said: They continue to solidify their position as the largest MFI in the country, further strengthening their financial position despite these turbulent times, and we are really pleased to be working with them again. ”
Jeremy Dobson, Managing Director of EMGA, added: We will continue to support entrepreneurs across Kazakhstan and develop their businesses with a focus on women-owned businesses and rural areas. ”
MFO KMF is one of the leaders in the microfinance sector in Central Asia. We aim to establish long-term partnership relationships with our clients based on mutual trust, understanding and respect. MFO “KMF” carries out individual and group financing of customers for activities such as business, trade, crop cultivation and livestock husbandry, production and services, consumer finance.
JICA: The Japan International Cooperation Agency is a government agency that provides the majority of official development assistance to the Japanese government. It aims to support the economic and social growth of developing countries and promote international cooperation.
Emerging Markets Global Advisory Limited (EMGA); With offices in London and New York, we assist financial institutions and businesses seeking new debt or equity capital. EMGA's multinational team combines decades of experience required to complete transactions on behalf of clients within the world's emerging markets and frontier economies, including Kazakhstan, which remains a major market. With a proven track record in capital formation and strategic advice through diverse economic cycles, EMGA continues to expand its geographic reach and service offerings and ranks as one of the industry's preeminent emerging market-focused niche investment banks. We are solidifying our position in the market.
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