In Kazakhstan, first support for Arnur Credit

The Foundation is strengthening its commitment to Central Asia by providing an initial local currency loan equivalent to €3 million to Arnur Credit, a Kazakhstan-based microfinance institution. Founded in 2001 by Orda Credit, a Kazakh MFI specializing in remittance transactions and business lending, Arnur Credit is registered as a limited liability company and is supervised by the Financial Market Regulation and Development Agency of the Republic of Kazakhstan. Its mission is to help improve the quality of life of the economically active population of southern Kazakhstan by providing microfinance services.

Arnur Credit offers loans using the individual methodology. As of June 2022, the institution served 18,458 active borrowers (44 women and 88 rural borrowers) and managed a portfolio of €52.6 million. It operates in the southern part of Kazakhstan (particularly in Turkistan) through a network of 43 offices and 235 employees.

With this investment, the Foundation now has an outstanding portfolio of €25.7 million in the Eastern Europe and Central Asia region and has 15 supported partner organizations, representing 24% microfinance institutions and impact businesses.

To learn more about our partners, Click here.