January 26, 2016 Almaty, Kazakhstan Microfinance organization Asian Credit Fund LLC (ACF), one of the leading MFIs in Kazakhstan celebrated 18th anniversary in November 2015. So important event ACF decided to share with its loyal clients. Special events took place in five regional offices of Almaty Branch, namely Uzunagash, Shelek, Zharkent, Esik and Korday villages. […]
Jan 2016
6 500 Kazakh rural inhabitants benefited from Microfinance Organization’s “Asian Credit Fund” non-financial services in 2015
January 26, 2016 Almaty, Kazakhstan Microfinance organization Asian Credit Fund LLC (ACF) is one of the leading MFIs in Kazakhstan. Since 1997, when ACF was first started its lending services, Company had supported 39 260 of small entrepreneurs and rural households in total amount of 15 bln. loans inTenge (approx. 76 mln. USD). Along financial […]
Jan 2016
Asian Credit Fund has participated training IFC on effective teamwork
07 January 2016 Almaty, Kazakhstan Top-management of Asian Credit Fund has successfully participated the training devoted to effective teamwork building on 21-22 December 2015. The training was organized by Governance & Management Consulting and IFC project on corporate management in Europe and Central Asia.
Dec 2015
Asian Credit Fund became founding member of Global SME Finance Forum
December 24, 2015 Almaty,Kazakhstan Asian Credit Fund (further- ACF) became one of the founding members of Global SME Finance Forum 2015. The Forum was founded within G-20. Other founding members include banks, technology companies, regulators and financial institutions from around the world committed to promoting access for small and medium businesses. Queen Maxima and […]
Oct 2015
ACF non-financial services help rural women of Kazakhstan to strengthen business skills
October 24, 2015 Almaty, Kazakhstan In October, 2015 82 heads of households (69 of them were women) from 36 South Kazakhstan villages became beneficiaries of non-financial services of microfinance organization Asian Credit Fund LLC (ACF) by graduating from one-day training “How to start your business”. The training is integral part of ACF’s non-financial initiative, so […]
Oct 2015
Asian Credit Fund successfully registers with the National Bank of Kazakhstan
Almaty, Kazakhstan On 05 October 2015 Microfinance Organization Asian Credit Fund LLC (ACF) successfully registered with the National Bank of Kazakhstan and was included into the register of microfinance organizations in Kazakhstan. As a registered institution, ACF is obliged to follow prudential and reporting standards of the NBK as other participants in the financial market. […]
Sep 2015
Asian Credit Fund raises additional equity, including employee investment, to support access to finance for rural households in Kazakhstan.
September 23, 2015 Almaty, Kazakhstan – Microfinance Organization Asian Credit Fund LLC (ACF, the Company) has successfully closed a second round of equity financing with two investors. ACF is a microfinance institution founded by Mercy Corps and serves the underserved rural population of Kazakhstan with microfinance services. New equity investment was raised from existing shareholder […]
Aug 2015
Microfinance Organization Asian Credit Fund LLC (further – ACF, Company) is pleased to present 2014 Annual and Social Performance Reports.
Release of the 2014 Annual report is directed on enhancing information transparency of ACF, informing stakeholders on the achievements demonstrated by the Company during the year and sharing successful stories of ACF clients. 2014 Annual report is available online at: https://asiancreditfund.com/en/annual-reports 2014 Social Performance Report demonstrates ACF commitment to its social mission and measuring progress […]
May 2015