Question 1

What is Credit Partnership Zharkent LLP?

Accepted Answer

Credit Partnership Zharkent LLP is a microfinance organization operating in Kazakhstan, established as a limited liability partnership. It is a commercial organization that provides microfinance services to meet the financial needs of its participants and local community members.

The institution operates under Kazakhstan's legal framework for credit partnerships, as defined by the Law of the Republic of Kazakhstan "On Credit Partnership". Credit partnerships in Kazakhstan are specialized financial institutions that focus on microfinance activities, including microcredit provision to individuals and small businesses.

Question 2

When was Credit Partnership Zharkent LLP founded?

Accepted Answer

[Information not publicly available]

Question 3

Where is Credit Partnership Zharkent LLP headquartered?

Accepted Answer

Credit Partnership Zharkent LLP is based in Zharkent (also spelled Jarkent), a city in the Panfilov District of Almaty Region, Kazakhstan. Zharkent is located in the southeastern part of Kazakhstan, near the Usek River and not far from the Ili River.

The city of Zharkent, with a population of approximately 42,600 as of 2019, serves as the administrative center of Panfilov District. The city is historically significant, founded in 1882, and is well known for its nineteenth-century great mosque.

Question 4

Where does Credit Partnership Zharkent LLP operate?

Accepted Answer

Credit Partnership Zharkent LLP operates in the Almaty Region of Kazakhstan, with its primary service area focused on Zharkent and the surrounding Panfilov District. The region is located in southeastern Kazakhstan, near the border with China.

Almaty Region is one of Kazakhstan's key agricultural and commercial areas. The organization likely serves rural and semi-urban communities in this region, providing access to microfinance services in areas where traditional banking services may be limited.

Question 5

What services does Credit Partnership Zharkent LLP offer?

Accepted Answer

As a credit partnership in Kazakhstan, the institution offers microfinance services, which typically include:

Microcredit provision - loans to participants and community members for business development, agricultural purposes, and personal needs

Savings mobilization - accumulation of resources from participants through mandatory contributions and additional fees

Financial services - various banking-related services to support small-scale entrepreneurship and economic activity

Credit partnerships in Kazakhstan are specifically designed to provide accessible financial services to economically active populations, particularly in regions where larger banks may have limited presence. The organization operates under regulations established by the Agency of the Republic of Kazakhstan for the regulation and development of financial markets.

Question 6

What makes Credit Partnership Zharkent LLP unique?

Accepted Answer

Credit Partnership Zharkent LLP serves a specific geographic area in southeastern Kazakhstan, providing localized financial services to communities in the Panfilov District. Its focus on a regional market allows it to understand and address the specific financial needs of local residents and small businesses.

As a credit partnership, the institution operates under a participant-based model, where members have ownership stakes through mandatory contributions. This structure creates a more community-oriented approach to financial services compared to traditional banks.

The organization serves a historically and culturally significant area, with Zharkent being known for its unique blend of Central Asian and Chinese cultural influences, reflecting its position near the Kazakhstan-China border.

Question 7

What type of financial institution is Credit Partnership Zharkent LLP?

Accepted Answer

Credit Partnership Zharkent LLP is classified as a microfinance organization (MFO) in Kazakhstan. More specifically, it is a credit partnership, which is a distinct type of commercial organization under Kazakhstani law.

Credit partnerships in Kazakhstan represent a specialized category of microfinance institutions that operate as limited liability partnerships. They are regulated by both the Law "On Credit Partnership" and the Law "On Microfinance Organizations," and must obtain licensing from the Agency of the Republic of Kazakhstan for the regulation and development of financial markets.

Unlike traditional second-tier banks in Kazakhstan, credit partnerships focus exclusively on microfinance activities and are prohibited from engaging in other forms of entrepreneurial activity. They serve as an important component of Kazakhstan's financial inclusion infrastructure, particularly in rural and underserved areas.

Credit Partnership Zharkent LLP

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About Credit Partnership Zharkent LLP in Kazakhstan