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
Congratulations on Victory Day!
Oct 2014
Asian Credit Fund participated in Microfinance Conference of Azerbaijan Microfinance Association “Innovative practices to reach financial inclusion: Learning from peers’ experiences” to share the company practical experience in energy efficiency lending.
Baku, October 9-10, 2014. Asian Credit Fund (ACF) participated in Microfinance Conference of Azerbaijan Microfinance Association named “Innovative practices to reach financial inclusion: Learning from peers’ experiences” to share the company practical experience in energy efficiency lending. Mr. Usenov, the Business Development Director of ACF presented the two-year company results in lending for energy efficiency for […]
Sep 2014
Asian Credit Fund has participated in EUROPEAN MICROFINANCE AWARD 2014 on “Microfinance and the Environment”
September 22, 2014. Asian Credit Fund had participated in EUROPEAN MICROFINANCE AWARD 2014 on “Microfinance and the Environment” and was awarded by a Certificate of Participation. The objective of the 5th European Microfinance Award on “Microfinance and the Environment” is to highlight opportunities for microfinance to improve environmental issues in the South and encourage the industry […]
Sep 2014
Smart Loan Products, Smarter Lending Approach: Kazakhstan’s Asian Credit Fund serves the country’s financially underserved, rural poor By Emily Youatt and Rinchin Gaekwad
The Central Asian nation of Kazakhstan, one of the first former Soviet Republics to repay all of its debt to the International Monetary Fund, and with a GDP per capita ranking of 57 of 184 countries, doesn’t immediately conjure up images of poverty. But look beyond the major urban centers of Almaty and Astana in this […]