Almaty, Kazakhstan – August 26, 2014. “Association of Microfinance Organizations of Kazakhstan” thanks Asian Credit Fund for the organization and conduct of the meeting with the delegation of the ” National Microfinance Center “in the study tour to the Republic of Kazakhstan to explore featured practices on agricultural microcredit.
Jun 2014
Asian Credit Fund raises new equity to support rural households in Kazakhstan.
Almaty, Kazakhstan – June 11, 2014. Microcredit Organization Asian Credit Fund LLC (ACF) will increase its lending to rural households of Kazakhstan by at least $3 million following an equity investment of $500,000 from BOPA (Base of Pyramid Asia). ACF’s new equity investor is a holding company based in Singapore, which is focusing on addressing […]
Mar 2014
LLC “MCO “The Asian Credit Fund” was awarded 1st place in the Republic of Kazakhstan and Almaty region in the ranking of economic entities in the Medium Enterprise Category based upon the criteria of “Corporate Income Tax”
February 24, 2014, Almaty, Kazakhstan. According to the results of the National Business Rating, which was based on information on paid taxes and other obligatory payments into the budget, the Asian Credit Fund took 1st place in the Republic of Kazakhstan and Almaty region in the ranking of economic entities by criteria of “Corporate Income […]
Nov 2013
Almaty, Kazakhstan – November 6, 2013. The Kazakhstan Financiers Association publicly awarded the Executive Director of the microcredit organization, Asian Credit Fund, Zhanna Zhakupova, with title of “Honored Financier,” and Deputy Executive Director, Tatyana Lavrenyuk, with the “The Best Financier” award.
The Kazakhstan Financiers Association’s award is a form of encouragement and recognition given to individuals who have made a significant contribution to the development of the banking and microfinance sector. This year, the awards ceremony coincided with the 20th Anniversary of Kazakhstan’s currency – the Tenge. The ceremony was held on November 6, 2013 in […]
Nov 2013
Asian Credit Fund creates “Internal Academia” training department to develop professional competence of employees.
30 October, 2013 LLС ” MCO Asian Credit Fund creates “Internal Academia” training department to develop the professional competence of its employees. Internal Academia is a program that provides ACF employees training under the company’s umbrella to better meet ACF work standards and to improve their professional skills. The program is built on modern technologies […]
Oct 2013
MicroFinanza Rating has confirmed ACF’s Grade BB; “Outlook Stable”
Almaty, Kazakhstan – On the 10th of October, 2013 MicroFinanza’s Rating Committee confirmed ACF’s grade BB and “Outlook Stable” status, which was previously assigned by MicroFinanza Rating to Microcredit Organization Asian Credit Fund LLC (ACF) in February 2013. The rating team visited ACF in November 2012 using September 2012 as cut-off period for the financial […]
Jul 2013
ACF Gives Support to the Association of MFIs in Kazakhstan’s (AMFOK) Social Performance Initiative
ACF is one of the first microfinance institutions (MFIs) in Kazakhstan to support AMFOK in its promotion of social performance standards among microfinance providers in the country. On July 4, 2013, ACF signed an AMFOK Memorandum, which specifically focuses on the prevention of fraud and the promotion of client rights. The memorandum supplements existing legislation […]