/KASE, June 30, 2025/ – Microfinance Organization "Asian Credit Fund" LLP
(KASE ticker – MFCF) has reported the following:
quote
June 30, 2025
The International Finance Corporation (IFC), affiliated with the World Bank
Group, and the Asian Credit Fund (ACF), a leading microfinance institution in
Kazakhstan, have announced a new strategic alliance aimed at enhancing
financial access for microenterprises located in remote areas of Kazakhstan.
This collaboration is anticipated to foster financial inclusion, generate
employment, and bolster the economic resilience of rural communities throughout
the nation.
Under this partnership, IFC will extend a loan of $5 million to ACF to aid the
growth of its microenterprise lending initiatives across Kazakhstan,
particularly targeting agricultural borrowers and women-led businesses. The
partnership highlights the mutual commitment of both organizations to promote
inclusive finance and sustainable economic development in rural and underserved
regions of Kazakhstan.
unquote
The full version of the press release is available at –
https://kase.kz/files/emitters/MFCF/mfcf_relizs_300625_1.pdf
[2025-06-30]