Bak-Daulet Credit Partnership
in Kazakhstan 🇰🇿
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About Bak-Daulet Credit Partnership in Kazakhstan
Bak-Daulet Credit Partnership is a member-owned financial cooperative operating in Kazakhstan. As a credit partnership (LLP), it is a specialized financial institution established by legal entities to meet the financial needs of its participants through the accumulation of member funds and the provision of microcredits and other financial services.
Credit partnerships in Kazakhstan occupy a unique position in the financial sector, operating under the Law on Credit Partnerships and the Law on Microfinance Activities. These institutions serve participants who have made mandatory capital contributions and operate on a not-for-profit basis.