This report looks at financial inclusion in Kazakhstan and considers how microfinance organizations could boost lending to its fast-growing micro, small, and medium enterprises (MSMEs).

It analyzes the myriad hurdles that prevent many small enterprises from securing traditional bank loans and recommends ways business-focused lenders can help bridge the financing gap. Recommendations include expanding Kazakhstan’s microfinance market and ensuring nontraditional lenders become more tech-savvy to help MSMEs access sufficient credit, create jobs, and drive economic growth.

The report is prepared by the ADB in English language. Click here to access the full version.

Source: ADB

Illustration: ADB