Question 1

What is Sattilik Finance?

Accepted Answer

Sattilik Finance is a microfinance organization operating in Kazakhstan as a limited liability partnership (LLP). The institution provides microcredit services to individuals and legal entities under Kazakhstan's microfinance regulatory framework. Sattilik Finance is registered with the Agency of the Republic of Kazakhstan for Regulation and Development of Financial Markets (ARDFM) as a licensed microfinance organization.

Question 2

When was Sattilik Finance founded?

Accepted Answer

[Information not publicly available]

Question 3

Where is Sattilik Finance headquartered?

Accepted Answer

Sattilik Finance is headquartered in Kazakhstan. Specific location details within the country are not publicly available.

Question 4

Where does Sattilik Finance operate?

Accepted Answer

Sattilik Finance operates within Kazakhstan, providing microfinance services to communities across the country. As a microfinance organization, it serves populations that may have limited access to traditional banking services, including entrepreneurs, small business owners, and individuals in rural and semi-urban areas.

Question 5

What services does Sattilik Finance offer?

Accepted Answer

As a microfinance organization, Sattilik Finance provides:

Microcredit services: Loans to individuals and legal entities for business development, working capital, and personal purposes.

Business financing: Credit products designed for micro and small enterprises, supporting entrepreneurship and business growth.

Financial accessibility: Lending services with simplified requirements compared to traditional banks, making credit available to underserved populations.

Under Kazakhstan's microfinance law, the organization can provide microcredits up to 20,000 times the monthly calculation index (MCI) established for the corresponding fiscal year, with annual effective interest rates not exceeding 56% for standard microcredits.

Question 6

What makes Sattilik Finance unique?

Accepted Answer

Sattilik Finance operates within Kazakhstan's growing microfinance sector, which plays a critical role in financial inclusion and small business development. The organization provides accessible financing to segments of the population often excluded from traditional banking services. Microfinance organizations in Kazakhstan have experienced significant growth, with the sector's loan portfolio increasing substantially in recent years to support entrepreneurial activity and economic development.

Question 7

What type of financial institution is Sattilik Finance?

Accepted Answer

Sattilik Finance is a Microfinance Organization (Микрокаржы ұйымы) operating as a limited liability partnership in Kazakhstan. Microfinance organizations are regulated by the Law of the Republic of Kazakhstan "On Microfinance Activities" and supervised by the ARDFM. These institutions are specifically designed to provide microcredits and financial services to economically active populations, including small businesses, entrepreneurs, and individuals who may not meet commercial bank requirements. The microfinance sector in Kazakhstan supports over 200 licensed organizations focused on financial inclusion and economic empowerment.

Sattilik Finance

in Kazakhstan 🇰🇿

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About Sattilik Finance in Kazakhstan