ACF receives 2.0 million USD funding from EnablingQapital – a leading Impact Investment Advisory Company headquartered in Zurich, Switzerland to increase financial service outreach to rural households in Kazakhstan

Asian Credit Fund (furthermore- ACF) has signed an agreement with new to ACF lender Enabling Qapital Ltd, a leading impact investment advisory company, on receiving a $2.0 mln loan. The funds will be directed to support ACF’s mission-based clients, particularly households and women who own micro and small businesses in rural areas of Kazakhstan. By the end of 2022 ACF plans to reach 37 000 rural citizens with microloans to support income generating activities and small and micro businesses development. By doing this ACF believes it contributes to improving lives of target clients.

“Enabling Qapital Ltd joined the cohort of current 10 international lenders which provide funding to ACF to unlock the potential of microentrepreneurs and microbusinesses for better life through ACF microloans. ACF would like to great the new impact investment partner and looks forward to the long-term relationship with Enabling Qapital. I believe that together we will improve the financial inclusion and SME growth in rural areas of Kazakhstan,” says ACF Executive Director Zhanna Zhakupova.