Asian Credit Fund
Asian Credit Fund (ACF) in Kazakhstan focuses on rural households and in particular women who earn income from small-scale agricultural activities. ACF is among the first microfinance institutions in the country to have launched energy efficiency loans and provides financing for housing improvements. In addition, ACF is exploring opportunities to finance renewable energy products in parts of the country, for example the installation of solar panels.
In the coming years, the institution will continue to deepen its outreach targeting small households in rural areas. Triodos Sustainable Finance Foundation has provided a loan to ACF to realise this ambition.
Key indicators Asian Credit Fund year-end 2015:
- number of loan clients: 14,926
- percentage female clients: 99%
- percentage rural clients: 98%
- average loan amount: EUR 346
- number of savings clients: n.a.
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.