Kazakh SMEs get $122m loan from Asian Development Bank

Kazakh SMEs: The Asian Development Bank is to provide Kazakhstan’s SMEs with a $122 million loan for their development through the state-owned JSC Damu Entrepreneurship Development Fund and the Center Credit and Tsesna banks. The loan, which will be extended to Damu at a fixed-interest rate for 5 years, is part of the $500 million Small and Medium Enterprise Investment Program multitranche financing facility approved by ADB’s Board of Directors in September 2012. AKIPress