Question 1

What is Жеңіл Ақша (Zhenil Aksha)?

Accepted Answer

Жеңіл Ақша (Zhenil Aksha) is a licensed microfinance organization operating in Kazakhstan. The company provides quick and accessible microcredits to individuals and businesses throughout the country. As a registered MFO with the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market (ARDFM), Zhenil Aksha specializes in offering small-sum loans to underserved segments of the population who may not qualify for traditional bank financing.

The organization operates as a Limited Liability Partnership (LLP) under the legal name "Microfinancial organization Zhenil Aksha LLP". It serves both urban and rural populations across multiple regions of Kazakhstan.

Question 2

When was Жеңіл Ақша (Zhenil Aksha) founded?

Accepted Answer

Жеңіл Ақша was officially registered on July 3, 2017, with the Business Identification Number (BIN) 170740001650. The organization was established to address the growing need for accessible microfinance services in Kazakhstan, particularly for individuals who face barriers to traditional banking services.

The company received its official license to conduct microfinance activities (License No. 02.21.0057.M) from the Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market on March 31, 2021, following the issuance of Decision No. 223.

Question 3

Where is Жеңіл Ақша (Zhenil Aksha) headquartered?

Accepted Answer

The legal headquarters of Zhenil Aksha is located in Almaty, Kazakhstan's largest city and financial hub. The registered address is 22B Satpayev Street, Office 210, Bostandyk District, Almaty, 050000.

The organization is led by General Director Madina Khaparbekovna Shotayeva. The head office serves as the central administrative and operational center for the company's nationwide activities.

Question 4

Where does Жеңіл Ақша (Zhenil Aksha) operate?

Accepted Answer

Zhenil Aksha operates throughout Kazakhstan with an extensive branch network covering major cities and regional centers. The organization maintains branches and offices in multiple cities including Almaty (2 offices), Aktau (2 offices), Aktobe (1 office), Atyrau, Zhanaozen, Karaganda (2 offices), Kyzylorda, Semey (2 offices), Taldykorgan, Taraz, Turkestan, Uralsk, and Shymkent.

This widespread geographic presence enables the organization to serve clients in both urban centers and smaller regional areas across Kazakhstan. The branch network provides accessibility to microfinance services in areas that may be underserved by traditional banking institutions.

Question 5

What services does Жеңіл Ақша (Zhenil Aksha) offer?

Accepted Answer

Zhenil Aksha provides a range of microfinance products and services tailored to meet diverse client needs:

Consumer Microcredits: Unsecured loans ranging from 10,000 to 184,000 tenge (with some sources indicating up to 120,000 tenge) for personal needs. Loan terms range from 15 days to 1 year, with interest rates starting from 0.99% daily (or 25% to 56% annually depending on the product and borrower profile).

Secured Microcredits: Loans backed by collateral including vehicles, real estate, or other assets. Auto-secured loans can range from 300,000 to 78,000,000 tenge.

Business Microcredits: Financing for entrepreneurial activities and small business development.

Online Application and Disbursement: The organization offers fully online application processes through its website at zhenilaksha.kz. Approved loans can be disbursed electronically to bank cards or IBAN accounts, typically within one hour during business hours.

Flexible Repayment Options: Clients can repay loans online through their personal cabinet, with options for early repayment without penalties. The organization also offers loan restructuring and extension services for borrowers experiencing repayment difficulties.

Question 6

What makes Жеңіл Ақша (Zhenil Aksha) unique?

Accepted Answer

Zhenil Aksha distinguishes itself through several key features:

Minimal Documentation Requirements: The organization requires only a national ID card or passport for loan applications, making the process highly accessible compared to traditional banks.

Fast Processing: Applications are reviewed quickly, often within one hour during business hours, with immediate disbursement upon approval.

Digital-First Approach: The company provides 24/7 online application services through its website, allowing clients to apply for loans without visiting a physical branch.

Debt Load Assessment: Unlike some microfinance competitors, Zhenil Aksha calculates and considers the debt load coefficient of borrowers, promoting responsible lending practices.

Wide Age Range: The organization serves clients aged 21 to 65 years, providing financial access to working-age adults and retirees.

Geographic Accessibility: With offices spanning major cities and regional centers, the organization brings microfinance services to areas beyond the main financial hubs.

Question 7

What type of financial institution is Жеңіл Ақша (Zhenil Aksha)?

Accepted Answer

Zhenil Aksha is classified as a Microfinance Organization (МФО/MFO) under Kazakhstan's financial regulatory framework. In Kazakhstan, microfinance organizations are specialized non-bank financial institutions licensed to provide microcredits to individuals and legal entities.

MFOs operate under the Law of the Republic of Kazakhstan "On Microfinance Activities" (dated November 26, 2012, No. 56-V) and are regulated by the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market (ARDFM). These institutions serve a distinct market segment from traditional banks, focusing on providing smaller loan amounts with simplified application processes to customers who may lack access to conventional banking services.

Microfinance organizations in Kazakhstan can provide loans up to 20,000 times the monthly calculation index, with or without collateral, and are authorized to conduct related activities such as leasing, consulting, and electronic payment services.

Жеңіл Ақша (Zhenil Aksha)

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About Жеңіл Ақша (Zhenil Aksha) in Kazakhstan