Question 1

What is Tez-Kredit MFO JSC?

Accepted Answer

Tez-Kredit MFO JSC is a microfinance organization (MFO) operating in Kazakhstan. The institution specializes in providing microcredits to individuals and small businesses throughout the country. As a licensed MFO, Tez-Kredit operates under the regulatory supervision of the National Bank of Kazakhstan, which oversees all microfinance activities in the country.

The organization is structured as a Joint Stock Company (JSC) and focuses on serving the microfinance needs of Kazakhstan's population. MFOs in Kazakhstan play a crucial role in financial inclusion by providing access to credit for individuals and businesses that may not qualify for traditional bank financing.

Question 2

When was Tez-Kredit MFO JSC founded?

Accepted Answer

[Information not publicly available]

Question 3

Where is Tez-Kredit MFO JSC headquartered?

Accepted Answer

Based on available regulatory information, Tez-Kredit MFO JSC operates in Kazakhstan. The specific headquarters location and address are not publicly disclosed in available sources.

Question 4

Where does Tez-Kredit MFO JSC operate?

Accepted Answer

Tez-Kredit MFO JSC operates within the Republic of Kazakhstan. As a licensed microfinance organization registered with the National Bank of Kazakhstan, the institution is authorized to provide microfinance services to residents across Kazakhstan's regions.

The specific geographic coverage and branch network details are not publicly available.

Question 5

What services does Tez-Kredit MFO JSC offer?

Accepted Answer

Tez-Kredit MFO JSC provides microcredit services to individuals and legal entities. Under Kazakhstan's microfinance legislation, MFOs are authorized to offer microcredits up to twenty thousand times the monthly calculation index established by law.

The organization may provide loans with or without collateral, depending on the borrower's circumstances and creditworthiness. According to Kazakhstan's regulatory framework, MFOs like Tez-Kredit can also engage in related activities such as attracting loans from residents and non-residents, investing in securities, providing consulting services related to microcredits, and leasing their own property.

Electronic microcredit provision is also permitted under the regulations overseen by the National Bank of Kazakhstan.

Question 6

What makes Tez-Kredit MFO JSC unique?

Accepted Answer

Tez-Kredit MFO JSC operates within Kazakhstan's highly regulated microfinance sector, which has been under the supervision of the National Bank of Kazakhstan since 2012. This regulatory framework requires MFOs to comply with prudential standards, submit regular financial statements, provide information to credit bureaus, and adhere to client protection principles.

The organization is registered in the official register of microfinance organizations maintained by the National Bank of Kazakhstan. This registration ensures compliance with national standards for microfinance activities and consumer protection.

Question 7

What type of financial institution is Tez-Kredit MFO JSC?

Accepted Answer

Tez-Kredit MFO JSC is a Microfinance Organization (MFO), which is a distinct category of financial institution in Kazakhstan. MFOs are non-bank financial institutions specifically authorized to provide microcredits to individuals and legal entities.

In Kazakhstan, MFOs are regulated under the Law "On Microfinance Organizations" adopted in November 2012, which brought microfinance organizations under the regulatory perimeter of the National Bank of Kazakhstan. MFOs differ from second-tier banks, credit partnerships, and lombards (pawnshops), though all fall within Kazakhstan's broader financial services sector.

As a JSC (Joint Stock Company), Tez-Kredit is structured as a corporate entity with shareholders, operating within the legal framework established by Kazakhstan's laws on joint-stock companies and microfinance activities.

Tez-Kredit MFO JSC

in Kazakhstan 🇰🇿

Crypto-Friendliness

All done!

About Tez-Kredit MFO JSC in Kazakhstan