KICB and EBRD to finance expansion of Nurislam Emerek LLC
KICB has entered into a loan agreement with the European Bank for Reconstruction and Development (EBRD) to allocate 1 million euros for the implementation of a project to build a new furniture factory and purchase modern equipment for Nurislam Emerek LLC in Karakol. These funds will be used to improve the company's production efficiency and increase sales.
The company "Nurislam Emerek" was founded by a young entrepreneur and his mother back in 2019, and in 2021 they opened their first furniture store "Nurislam Emerek" in Karakol. Today, with 2 production workshops, retail stores and about 90 employees, the company has become one of the leading companies in the production and sale of furniture in the Issyk-Kul region. Having established itself in the local market, the company not only expanded its presence in other regions of the country, but also entered the market of the neighboring Republic of Kazakhstan and successfully established itself as a reliable manufacturer of high-quality and durable products.
Given the growing demand for modern and high-quality furniture, the company decided to open a new factory, which will significantly increase production capacity and improve the quality and speed of customer service. This not only meets market requirements, but also creates new jobs, contributing to the economic development of the region.