International Finance Corporation (IFC), a member of the World Bank Group and Asian Credit Fund (ACF), one of the leading microfinance institutions in Kazakhstan, are pleased to announce a new strategic partnership aimed at expanding access to finance for Micro Enterprises in rural areas of Kazakhstan. This collaboration is expected to foster financial inclusion, create […]

MFO Asian Credit Fund LLP (hereinafter referred to as the Company) informs about the participation of the management representatives in the 27th Annual Microfinance Centre (MFC) Conference held on May 27-29, 2025, in Tbilisi, Georgia. The theme of the Conference was Shifts, Shocks and Solutions: Microfinance in the Shadow of Geopolitics. The Conference brought together […]

АКФ сообщает об участии представителей руководства в 27-й ежегодной конференции Microfinance Centre (MFC), прошедшей 27–29 мая 2025 года в г. Тбилиси, Грузия. Тема конференции — «Сдвиги, шоки и решения: микрофинансирование на фоне геополитической нестабильности» (Shifts, Shocks and Solutions: Microfinance in the Shadow of Geopolitics). Конференция собрала более 500 профессионалов в области инклюзивных финансов из Европы, […]

Asian Credit Fund (ACF) and the Association of Family Businesses have completed the pilot phase of the ALAU educational project, a significant milestone that paves the way for further success in supporting small and micro-businesses in the country’s regions. From October to December 2024, more than 1,100 entrepreneurs from 10 regions of Kazakhstan accessed educational […]

In November 2024, we celebrate a significant milestone—27 years of the Asian Credit Fund (ACF). Since our inception, we have been distinguished by our innovative approach to microfinance, which has not just empowered over 132,000 clients across ten regions of Kazakhstan, but also transformed their lives. Our focus on rural households and small businesses, combined with our commitment to […]

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 […]

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 Pte Ltd , has made an additional equity and subordinated debt injection of USD 4.0 million into the company. This strategic investment raises BOPA’s ownership stake in ACF, further […]

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 […]