Almaty, Kazakhstan – October 2024 – Asian Credit Fund (ACF), a leading microfinance institution dedicated to improving the quality of life for rural households in Kazakhstan, is pleased to announce that its current shareholder, BOPA (Base of the Pyramid Asia), has made an additional equity injection of $2.0 million USD into the company. This strategic […]

The interview was published in Forbes Kazakhstan in September 2024. At the beginning of October, trading in bonds of MFO “Asian Credit Fund”, which has been at the market for more than 27 years, will be started for the first time at Kazakhstan Stock Exchange. The bond yield is expected to be 21% per annum in […]

Terms of Reference (TOR) for Consultancy Services to Select a Core System 22 July 2024 1. Background MFO Asian Credit Fund is dedicated to providing financial services to low-income individuals and small businesses. ACF Mission ACF’s mission is to improve the quality of life, well-being, and resilience of families and businesses, primarily in rural areas, […]

On July 4, Almaty hosted the forum “Microfinance Sector of Kazakhstan: 20 Years of Sustainable Development,” which was timed to celebrate the 20th anniversary of the Association of Microfinance Organizations. The main topic of the forum was the place and role of microfinance organizations in the development of entrepreneurship and financial inclusion. The content of […]

At the 20th Anniversary Microfinance Forum of the Association of Microfinance Organizations, held on July 4, 2024, the Asian Credit Fund (ACF) and its Director, Zhanna Zhakupova, were honored with two prestigious awards. The Asian Credit Fund received an award for its significant contribution to the development of the microfinance sector in Kazakhstan. This recognition […]

The Asian Credit Fund (ACF) is proud to announce that ACF CEO Zhanna Zhakupova has been elected to the Board of the Association of Microfinance Organizations of Kazakhstan (AMFOK) for a third consecutive term. This election occurred during the Association’s General Meeting on July 4, 2024, with a majority vote from the members. Zhanna Zhakupova’s […]

On 10 May 2024, BANK IM BISTUM ESSEN eG strategically aligned itself with the Asian Credit Fund, providing its first investment. This significant step will bolster ACF’s capital base by the equivalent of EUR 2.5 million in Kazakh Tenge . The aim of this strategic partnership is to enhance access to crucial financing for rural households and businesses, […]

On April 12, 2024, in Gagarin Secondary School of Sarykemer village of Bayzak district, a field training on “Financial Literacy” was held for 6th-grade students. The event was organized by the employees of the Sarykemer office of the Asian Credit Fund (ACF). During the training, ACF specialists shared with children the critical aspects of financial […]

ACF announces its full endorsement of the Sustainable Development Goals (SDGs) adopted by the UN in 2015, marking a pivotal step towards global progress. These goals serve as a universal call to action to eradicate poverty, safeguard the environment, and elevate quality of life worldwide. In alignment with international standards and best practices, ACF’s Supervisory […]

In 2024, the Asian Credit Fund continued its financial literacy project for school and college students. Thus, in February 2024, the first financial literacy lesson of the year was held for Baizak College, Zhambyl region students. We believe that conducting financial literacy lessons for school and college students plays a critical role in their future […]