Question 1

What is ATH Finance?

Accepted Answer

ATH Finance is a microfinancial organization operating in Kazakhstan as a Limited Liability Partnership (LLP). The institution specializes in providing short-term microloans to individuals and small businesses. ATH Finance is registered with the Agency for Regulation and Development of the Financial Market (ARDFM) and operates under Kazakhstan's microfinance regulatory framework.

As a licensed microfinance organization, ATH Finance focuses on accessible, quick-turnaround lending with minimal documentation requirements, serving clients who may have limited access to traditional banking services.

Question 2

When was ATH Finance founded?

Accepted Answer

ATH Finance was registered on August 8, 2022, under Business Identification Number (BIN) 220840012846. The organization received its operating license (License No. 02.23.0012.М) from the ARDFM on April 11, 2023.

The company was established during a period of significant growth in Kazakhstan's microfinance sector, which has seen increasing demand for alternative lending solutions driven by digital adoption and expanding consumer credit needs.

Question 3

Where is ATH Finance headquartered?

Accepted Answer

ATH Finance is headquartered in Almaty, Kazakhstan's largest city and financial center. The legal address is located in the Almalinsky District at Prospekt Seifullina, Building 410/78, 5th Floor, Office 510, postal code 050000.

Almaty serves as the primary hub for financial services in Kazakhstan, making it a strategic location for microfinance operations.

Question 4

Where does ATH Finance operate?

Accepted Answer

ATH Finance primarily operates in Almaty and serves clients throughout the city and surrounding regions. As a relatively new microfinance organization, the company focuses its operations on urban and peri-urban areas within its primary market.

The organization maintains its main office in Almaty's Almalinsky District and provides services through both physical office locations and developing digital channels.

Question 5

What services does ATH Finance offer?

Accepted Answer

ATH Finance provides short-term microloan services with the following features:

Consumer Microloans:
• Loan amounts ranging from 10,000 to 170,000 KZT (approximately $22 to $375 USD)
• Loan terms from 1 to 45 days
• Daily interest rate of 0.07%
• Minimal documentation requirements (passport only)

Disbursement and Repayment Options:
• Funds disbursed directly to bank accounts or cards
• Multiple repayment channels including bank transfers, payment terminals, and partner networks
• Flexible repayment options including early repayment without penalties
• Partial payment options available

Digital Services:
The organization is developing its online platform at athfinance.kz, though as of 2023-2024, the website remains in limited operation. Clients can contact the organization via email at office@athfinance.kz or by phone at +7 775 007 7878 for loan applications and inquiries.

Question 6

What makes ATH Finance unique?

Accepted Answer

ATH Finance positions itself as an accessible microfinance provider with several distinctive characteristics:

Simplified Application Process: The organization requires minimal documentation, with only a passport needed for loan applications. The approval process takes approximately 15 minutes, and funds are transferred immediately upon contract signing.

Competitive Daily Rate: With a daily interest rate of 0.07%, ATH Finance offers relatively competitive pricing within Kazakhstan's microfinance market, which operates under regulatory oversight including interest rate caps.

Flexible Borrowing Requirements: The organization serves clients aged 21 and above without requiring formal employment documentation, though employment information is collected during the application process.

Regulatory Compliance: ATH Finance operates under the strict regulatory framework established by the ARDFM and complies with Kazakhstan's Law on Microfinance Organizations, including consumer protection measures and transparency requirements implemented in 2023.

Question 7

What type of financial institution is ATH Finance?

Accepted Answer

ATH Finance is classified as a Microfinance Organization (МФО) in Kazakhstan's financial system. This institution type is distinct from banks and operates under specific regulations outlined in the Law of the Republic of Kazakhstan "On Microfinance Organizations."

Microfinance organizations in Kazakhstan are non-bank financial intermediaries that provide microcredits up to 20,000 times the monthly calculation index. They are regulated by the ARDFM (formerly under the National Bank of Kazakhstan's purview) and must maintain proper licensing, capital requirements, and consumer protection standards.

Unlike commercial banks, microfinance organizations cannot accept deposits from the public but can attract loans from other financial institutions. They serve a crucial role in Kazakhstan's financial inclusion efforts by providing credit access to individuals and small businesses that may not qualify for traditional bank financing.

ATH Finance

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About ATH Finance in Kazakhstan