In March 2019, FSVC began working in Kazakhstan with Tengri Bank to develop the Bank’s small and medium-sized enterprise (SME) business. FSVC’s work with Tengri Bank was possible due to a long-term financing award from the U.S. Overseas Private Investment Corporation (OPIC) and was managed by World Business Capital (WBC).  As a condition of this financing, Tengri Bank received targeted technical assistance that aimed to improve the Bank’s operations, thus ensuring OPIC’s long-term investment.  The technical assistance program was designed to utilize the experience FSVC has in developing and implementing targeted training and technical assistance programs to support Tengri Bank and its internal training efforts.  FSVC provided customized consultations, on-the-job training activities and workshops implemented by professionals from the U.S./developed markets.

Program Impact