On November 27, 2024, Asian Credit Fund (ACF) achieved a historic milestone, stepping into the financial market with its inaugural bond issuance on the Kazakhstan Stock Exchange (KASE).
This step is a testament to ACF’s unwavering commitment to further development, reflecting its steady growth over its 27 years of operation. The bond issuance not only strengthens the company’s financial foundation but also opens new opportunities to support entrepreneurs and families in Kazakhstan’s rural areas, expanding the reach and accessibility of microfinance.
Commenting on this achievement, ACF’s CEO Zhanna Zhakupova said:”Issuing bonds on KASE is a significant milestone in our company’s history. We are grateful to our shareholders, partners, and team for their contributions to achieving this goal. This issuance opens new horizons for growth and enables us to continue supporting those who need financial resources to improve their lives and businesses.”
ACF is one of Kazakhstan’s largest microfinance organizations, specializing in providing microloans to rural populations. In recent years, the company has demonstrated stable growth: as of early November 2024, total assets reached 43 billion KZT, the loan portfolio amounted to 36 billion KZT, the number of clients exceeded 45,000. For 27 years, ACF has disbursed more than 320,000 microloans to 132,000 clients, totaling USD 328.0 million.
With a well-established corporate structure, professional staff, and a strong reputation, ACF continues to advance, building a sustainable financial system focused on long-term results.
For more information about the bonds and the company, please visit our official website, www.acfund.kz., or the KASE website in the “Issuers” section. For questions about buying bonds, please contact the call center at 5061.