Question 1

What is Taj Finance?

Accepted Answer

Taj Finance is a microfinance organization (MFO) operating in Kazakhstan as a limited liability partnership (LLP). The institution specializes in providing microcredits to individuals and legal entities, operating within Kazakhstan's regulated microfinance sector. As a small-scale financial intermediary, Taj Finance is classified as under foreign control according to the National Bureau of Statistics of Kazakhstan.

The organization operates with approximately 2 employees and serves the Almaty market. Taj Finance is registered with the Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan (ARDFM).

Question 2

When was Taj Finance founded?

Accepted Answer

Taj Finance was registered on November 23, 2023. The organization was established to provide microfinance services in Kazakhstan's growing microcredit sector, which has experienced significant expansion in recent years.

The institution began its operations shortly after registration and has been active in the market for approximately one year.

Question 3

Where is Taj Finance headquartered?

Accepted Answer

Taj Finance is headquartered in Almaty, Kazakhstan's largest city and financial center. Specifically, the registered office is located in the Auezov District at Microdistrict Taugul-3, Dauylbaev Street, building 17/7.

Almaty hosts the largest concentration of microfinance organizations in Kazakhstan, with approximately 35% of all registered MFOs in the country based in this city.

Question 4

Where does Taj Finance operate?

Accepted Answer

Taj Finance primarily operates in Almaty and the surrounding Auezov District. The organization's activities are focused on the local market within Kazakhstan's financial capital.

As a small microfinance organization, Taj Finance's operational footprint is concentrated in the urban Almaty region, where it serves local individuals and small businesses seeking access to microcredit facilities.

Question 5

What services does Taj Finance offer?

Accepted Answer

Taj Finance provides microfinance services under the regulatory framework established by the Law of the Republic of Kazakhstan "On Microfinance Organizations." The institution's core services include:

Microcredit Services: Provision of small-scale loans to individuals and legal entities. Under Kazakhstan's microfinance legislation, MFOs can provide microcredits up to twenty thousand times the monthly calculation index, with or without collateral.

Business Lending: Credit facilities for entrepreneurial purposes, supporting small business development and self-employment initiatives.

Individual Lending: Personal microcredits for consumer needs and individual financial requirements.

The organization's primary economic activity is classified under OKED code 64.92.9, which covers "other types of lending not included in other groups."

Question 6

What makes Taj Finance unique?

Accepted Answer

Taj Finance operates as a foreign-controlled financial intermediary in Kazakhstan's competitive microfinance sector. This classification indicates international ownership or significant foreign investment in the organization's structure.

The institution maintains a low tax risk rating from the Committee of State Revenues of the Republic of Kazakhstan, demonstrating compliance with local regulatory standards. Despite being a relatively new entrant in the market, the organization has shown significant growth in tax contributions between 2023 and 2024.

As a small-scale operator with minimal staff, Taj Finance represents the localized, community-focused segment of Kazakhstan's microfinance industry, which comprises over 200 active organizations nationwide.

Question 7

What type of financial institution is Taj Finance?

Accepted Answer

Taj Finance is classified as a Microfinance Organization (Микрофинансовая организация / МФО) under Kazakhstan's financial regulatory framework. This is a distinct category of financial institution in Kazakhstan, separate from banks and credit unions.

Microfinance organizations in Kazakhstan are regulated by the Agency for Regulation and Development of the Financial Market (ARDFM) and must comply with the Law of the Republic of Kazakhstan "On Microfinance Organizations." Unlike banks, MFOs have limitations on deposit-taking activities but are authorized to provide microcredits and related financial services to underserved market segments.

The organization is structured as a Limited Liability Partnership (Товарищество с ограниченной ответственностью / ТОО), a common legal form for small and medium-sized businesses in Kazakhstan.

Taj Finance

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About Taj Finance in Kazakhstan