BAKU, Azerbaijan, July 1. The Turkic Investment
Fund (TIF), in cooperation with the European Bank for
Reconstruction and Development (EBRD), is expanding financing
opportunities for micro, small, and medium-sized enterprises
(MSMEs) in Kazakhstan.


This was announced in a press release published by the Turkic
Investment Fund (TIF).


According to the report, TIF will provide a $10 million senior
unsecured loan through KMF Bank, aimed at improving access to
finance for MSMEs, with particular attention to women-led
enterprises and businesses operating in rural areas.


"Loan proceeds will be on-lent to eligible sub-borrowers under
pre-agreed criteria, with a focus on MSMEs, rural businesses, and
agricultural borrowers. The TIF-funded transactions will support
the Fund’s broader integration mandate by promoting private-sector
development and strengthening trade and investment flows among the
Turkic states", TIF said.


Meanwhile, for the Fund, the transaction reflects its strategy
of partnering with established financial institutions in Kazakhstan
to reach underserved businesses facing limited access to funding,
while contributing to employment and inclusive economic growth.







The EBRD supported the preparation of the project and provided
technical expertise during the structuring process, leveraging its
long-standing cooperation with KMF Bank.


Established in 1997 as Kazakhstan’s first non-bank microfinance
institution, KMF Bank completed its transition into a licensed
commercial bank in 2025. The bank currently serves more than
275,000 active borrowers through its nationwide network, with
women-led businesses accounting for around 55 percent of its client
base, many of them located in rural and remote areas.


The Turkic Investment Fund (TIF) is the first dedicated
international financial institution jointly established by the
Turkic states to promote economic cooperation, strengthen
intra-regional trade, and support sustainable development across
the Turkic world. While the concept of deeper economic integration
among Turkic countries dates back to 2011, the Agreement
Establishing TIF was signed during the Extraordinary Summit of the
Organization of Turkic States (OTS) in Ankara on March 16, 2023,
and officially entered into force on February 24, 2024.