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The Turkic Investment Fund is extending a $10 million senior unsecured loan to KMF Bank to widen access to financing for micro, small, and medium-sized enterprises (MSMEs) across Kazakhstan, with support from the European Bank for Reconstruction and Development (EBRD).
The funding will be directed to eligible borrowers under agreed criteria, focusing on MSMEs, agricultural businesses and companies operating in rural areas. Women-led enterprises are also among the main target groups, according to the joint announcement.
The investment is part of TIF's strategy to work through established financial institutions in Kazakhstan to reach businesses with limited access to financing. The fund expects the loan to boost private-sector growth, support job creation and strengthen trade and investment ties among Turkic states.
The EBRD helped prepare the transaction and provided technical support during the structuring process, building on its longstanding partnership with KMF Bank.
KMF was founded in 1997 as Kazakhstan's first non-bank microfinance institution and became a licensed commercial bank in 2025.
Today, it serves more than 275,000 active borrowers through its nationwide branch network, with women-led businesses accounting for about 55% of its client base, many of them located in rural and remote areas.
The $10 million senior unsecured loan is among TIF's first financing operations since the fund became operational.
Established by the member states of the Organization of Turkic States (OTS), the Turkic Investment Fund was created to promote economic cooperation across the Turkic world.
It was founded under an agreement signed in 2023, entered its operational phase in late 2025 and began financing projects in 2026.
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