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 strengthening its commitment to ACF’s mission of fostering financial inclusion and sustainable development.
With this increased capital, ACF will expand its operations, enhance its lending capacity, and continue providing essential financial services to underserved rural communities across Kazakhstan. The equity boost will allow ACF to reach more households, helping them to start or grow their businesses, invest in agriculture, and improve their overall well-being.
Zhanna Zhakupova, CEO of ACF, expressed her gratitude for BOPA’s continued support: “We are deeply thankful to BOPA for their unwavering belief in our mission and their substantial financial support. This capital injection not only strengthens our ability to serve more rural households but also reinforces our long-term vision for sustainable growth. Together, we are creating opportunities for thousands of families to improve their livelihoods and contribute to the economic development of rural Kazakhstan.”
“ACF remains committed to promoting financial inclusion and improving the quality of life for its clients, particularly in rural areas, through responsible microfinance solutions. This latest investment will play a key role in ensuring that ACF continues to fulfill its mission and expand its impact across the country.”- said Christian Andersen, CEO of BOPA