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 […]

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 […]