Q: When was Atameken Aqmola Microfinance Organization founded?

Atameken Aqmola Microfinance Organization was established as part of the 2017-2021 Program for the Development of Productive Employment and Mass Entrepreneurship. The initiative was announced in November 2018 by the Minister of National Economy, Timur Suleimenov, who stated that microfinance organizations with Atameken participation were being established in various regions including Kostanay, Zhambyl, Kyzylorda, and Mangystau. The establishment of regional Atameken microfinance organizations was a direct response to reduced bank participation in government entrepreneurship programs, creating an alternative infrastructure for concessional lending that bypassed traditional bank financing.

Q: What makes Atameken Aqmola Microfinance Organization unique?

Atameken Aqmola Microfinance Organization is distinguished by its strong backing from the National Chamber of Entrepreneurs "Atameken" and its role as an alternative to traditional bank financing. The organization was specifically created to address gaps in the financial market where banks were reluctant to serve start-up entrepreneurs due to perceived risks. The organization operates as part of a nationwide network of regional microfinance organizations, all established with Atameken participation, creating a coordinated approach to entrepreneurship development across Kazakhstan. Its focus on rural and underserved areas in the Aqmola region makes it an important financial inclusion tool, serving populations that traditional banks often overlook.

Question 1

What is Atameken Aqmola Microfinance Organization?

Accepted Answer

Atameken Aqmola Microfinance Organization is a regional microfinance organization operating in the Aqmola region of Kazakhstan. It is part of a broader initiative by the National Chamber of Entrepreneurs of the Republic of Kazakhstan "Atameken" to establish microfinance organizations across all regions of the country.

The organization was created to provide preferential lending to small and micro-enterprises, particularly targeting start-up entrepreneurs and rural businesses that have limited access to traditional banking services.

Question 2

When was Atameken Aqmola Microfinance Organization founded?

Accepted Answer

Atameken Aqmola Microfinance Organization is a regional microfinance organization operating in the Aqmola region of Kazakhstan. It is part of a broader initiative by the National Chamber of Entrepreneurs of the Republic of Kazakhstan "Atameken" to establish microfinance organizations across all regions of the country.

The organization was created to provide preferential lending to small and micro-enterprises, particularly targeting start-up entrepreneurs and rural businesses that have limited access to traditional banking services.

The establishment of regional Atameken microfinance organizations was a direct response to reduced bank participation in government entrepreneurship programs, creating an alternative infrastructure for concessional lending that bypassed traditional bank financing.

Question 3

Where is Atameken Aqmola Microfinance Organization headquartered?

Accepted Answer

The organization is headquartered in the Aqmola region of Kazakhstan. Aqmola (also known as Akmola) is located in northern Kazakhstan, with its administrative center in Kokshetau.

The region has a predominantly rural population, making microfinance services particularly important for agricultural and small business development.

Question 4

Where does Atameken Aqmola Microfinance Organization operate?

Accepted Answer

Atameken Aqmola Microfinance Organization operates throughout the Aqmola region of Kazakhstan. The organization focuses on serving rural areas, mono-towns, and small towns within the region where access to traditional banking services is limited.

The Aqmola region is one of Kazakhstan's northern regions with significant agricultural activity and rural settlements that require specialized financial support.

Question 5

What services does Atameken Aqmola Microfinance Organization offer?

Accepted Answer

The organization provides microloans to small and micro-enterprises, with a specific focus on:

Microlending: Loans designed for peasant farms, individual entrepreneurs, and legal entities classified as small businesses. Financing is intended for developing entrepreneurial activities in rural areas, mono-towns, and small towns.

Business Support: The organization operates within the framework of government programs aimed at productive employment and mass entrepreneurship, providing financial access to start-up and existing entrepreneurs.

Preferential Terms: Loans are offered on concessional terms with lower interest rates compared to commercial banks, making financing more accessible to underserved populations.

Loans are not available for consumer purposes, debt repayment, refinancing of existing loans, or purchase of residential property, land, or trade-only activities.

Question 6

What makes Atameken Aqmola Microfinance Organization unique?

Accepted Answer

Atameken Aqmola Microfinance Organization is a regional microfinance organization operating in the Aqmola region of Kazakhstan. It is part of a broader initiative by the National Chamber of Entrepreneurs of the Republic of Kazakhstan "Atameken" to establish microfinance organizations across all regions of the country.

The organization was created to provide preferential lending to small and micro-enterprises, particularly targeting start-up entrepreneurs and rural businesses that have limited access to traditional banking services.

The organization operates as part of a nationwide network of regional microfinance organizations, all established with Atameken participation, creating a coordinated approach to entrepreneurship development across Kazakhstan.

Its focus on rural and underserved areas in the Aqmola region makes it an important financial inclusion tool, serving populations that traditional banks often overlook.

Question 7

What type of financial institution is Atameken Aqmola Microfinance Organization?

Accepted Answer

Atameken Aqmola Microfinance Organization is classified as a Microfinance Organization (MFO) under Kazakhstan's regulatory framework. MFOs in Kazakhstan are regulated by the Agency for Regulation and Development of the Financial Market and operate under the Law "On Microfinance Organizations."

As an MFO, the organization can provide microloans up to a specified limit (twenty thousand times the monthly calculation index) and can attract loans from residents and non-residents, though it cannot accept deposits from the general public like banks.

The organization operates as a Limited Liability Partnership (LLP), which is a common legal structure for microfinance organizations in Kazakhstan.

Atameken Aqmola Microfinance Organization

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About Atameken Aqmola Microfinance Organization in Kazakhstan

Atameken Aqmola Microf­inance Organi­zation

in Kazakhstan 🇰🇿

Crypto-Friendliness

All done!

About Atameken Aqmola Microfinance Organization in Kazakhstan

What is Atameken Aqmola Microfinance Organization?

When was Atameken Aqmola Microfinance Organization founded?

Where is Atameken Aqmola Microfinance Organization headquartered?

Where does Atameken Aqmola Microfinance Organization operate?

What services does Atameken Aqmola Microfinance Organization offer?

What makes Atameken Aqmola Microfinance Organization unique?

What type of financial institution is Atameken Aqmola Microfinance Organization?

Atameken Aqmola Microfinance Organization