Question 1

What is Atameken-Atyrau Business Support Microfinance Organization?

Accepted Answer

Atameken-Atyrau Business Support Microfinance Organization is a regional microfinance institution established in the Atyrau region of Kazakhstan. The organization operates as a limited liability partnership (LLP) that provides targeted microcredit services to entrepreneurs and small businesses.

It is part of a national network of microfinance organizations created with the participation of the National Chamber of Entrepreneurs of the Republic of Kazakhstan "Atameken". The institution was specifically designed to expand access to financial resources for unemployed and self-employed individuals, as well as micro, small, and medium-sized enterprises in the Atyrau region.

Question 2

When was Atameken-Atyrau Business Support Microfinance Organization founded?

Accepted Answer

Atameken-Atyrau Business Support Microfinance Organization was registered on May 17, 2021, according to official government records. The organization received its microfinance activity license (№ 06.21.0005.М) on June 17, 2021, from the Agency of the Republic of Kazakhstan for Regulation and Development of Financial Markets.

The institution was established as part of a broader government initiative under the Program for the Development of Productive Employment and Mass Entrepreneurship for 2017-2021. This program aimed to create an alternative infrastructure for concessional lending in Kazakhstan's regions, bypassing traditional bank financing to better serve start-up entrepreneurs.

Question 3

Where is Atameken-Atyrau Business Support Microfinance Organization headquartered?

Accepted Answer

The organization is headquartered in Atyrau, Kazakhstan, at the local Chamber of Entrepreneurs office located at 78 Satpayev Avenue. Atyrau is a major city in western Kazakhstan and serves as the administrative center of Atyrau Region.

The institution operates from within the Atyrau Regional Chamber of Entrepreneurs facility, which facilitates coordination between business support services and microfinance activities. This strategic location enables direct connection with the regional entrepreneurship ecosystem.

Question 4

Where does Atameken-Atyrau Business Support Microfinance Organization operate?

Accepted Answer

Atameken-Atyrau Business Support Microfinance Organization operates exclusively within Atyrau Region in Kazakhstan. The institution serves both Atyrau city and other populated areas throughout the Atyrau region.

The organization requires borrowers to have permanent registration in Atyrau city or another settlement within Atyrau Oblast. This regional focus allows the institution to maintain close relationships with local entrepreneurs and understand the specific economic conditions of the area.

Question 5

What services does Atameken-Atyrau Business Support Microfinance Organization offer?

Accepted Answer

The organization specializes in providing targeted business development microcredit with preferential terms. Loans are available with repayment periods of up to 7 years for standard business projects and up to 7 years specifically for livestock projects.

Loan amounts vary based on the borrower's location, ranging from approximately 7.2 million tenge for businesses in small settlements to 18.9 million tenge for enterprises in larger urban areas. The institution offers a 6% annual interest rate through government subsidization programs, significantly below market rates.

Key features include a grace period of up to 12 months, no penalties for early repayment, and options for both secured and unsecured lending. The organization uses differentiated or annuity payment schemes according to the loan agreement. Funds are disbursed directly to the borrower's bank account at a second-tier bank.

Question 6

What makes Atameken-Atyrau Business Support Microfinance Organization unique?

Accepted Answer

The organization is uniquely tied to the Bastau Business entrepreneurship training program. To access financing, applicants must hold a certificate from Bastau Business training courses and successfully defend their business project before a regional commission.

This integrated approach combines entrepreneurship education with accessible financing, ensuring borrowers have fundamental business knowledge before receiving funds. The organization requires detailed reporting on how loan proceeds are used, and noncompliance with target use requirements can result in contract termination and immediate loan recall.

The institution benefits from government subsidization, which enables it to offer interest rates as low as 6% annually—well below commercial lending rates in Kazakhstan. This makes it particularly attractive for start-up entrepreneurs and underserved populations in the region.

Question 7

What type of financial institution is Atameken-Atyrau Business Support Microfinance Organization?

Accepted Answer

Atameken-Atyrau Business Support Microfinance Organization is classified as a microfinance organization (MFO) under Kazakhstan's regulatory framework. In Kazakhstan, microfinance organizations are specialized financial institutions regulated by the Agency of the Republic of Kazakhstan for Regulation and Development of Financial Markets.

MFOs in Kazakhstan are distinct from banks and operate under the Law of the Republic of Kazakhstan "On Microfinance Activities" adopted in 2012. They are licensed to provide microcredits to individuals and legal entities, with loan amounts not exceeding 20,000 times the monthly calculation index established in the national budget.

This institution specifically focuses on business-oriented microlending rather than consumer lending, distinguishing it from many other MFOs in Kazakhstan that primarily offer consumer credit products. It operates as a development finance institution with a social mandate to support regional entrepreneurship.

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Atamek­en-Aty­rau Business Support Microf­inance Organi­zation