Question 1

What is TasCredit (TAS Finance Group)?

Accepted Answer

TasCredit, operating under the legal name Microfinance Organization TAS FINANCE GROUP LLP, is a licensed microfinance organization (MFO) in Kazakhstan. The company provides microcredit services primarily secured by vehicles and real estate to individuals, legal entities, individual entrepreneurs, farming enterprises, and self-employed citizens throughout Kazakhstan.

TasCredit is part of the broader TAS GROUP, a dynamically developing group of companies offering a full range of financial services. The organization holds license number 05.21.0006.M, issued by the Agency for Regulation and Development of the Financial Market (ARDFM) on February 26, 2021.

Question 2

When was TasCredit (TAS Finance Group) founded?

Accepted Answer

TasCredit began operations in 2010, initially focusing on loans secured by goods and gold products. The company's portfolio at the beginning of activity was approximately 1.7 million tenge (around $2,885 USD at that time).

In 2012, the company expanded into auto loans, successfully launching the product "Loan secured by a car with the right to drive." The name TAS FINANCE GROUP LLP was officially registered in 2019, the same year the company issued its first bonds on the unorganized market totaling $3.9 million and closed its original pawnshop business line that dealt with goods and gold products.

The organization underwent significant reorganization in 2021 through the merger of TASCREDIT ONLINE Lombard LLP and MFO TAS CREDIT LLP, creating a more integrated structure combining offline and online lending systems.

Question 3

Where is TasCredit (TAS Finance Group) headquartered?

Accepted Answer

TasCredit's headquarters is located in Almaty, Kazakhstan's largest city and financial center. The main office address is 124 Zharokova Street, 8th floor, Almaty.

The company's legal registration address is listed as Abaiskaya oblast, Aksuatski district, village Aksuат, Kabekova Street, building 16.

Question 4

Where does TasCredit (TAS Finance Group) operate?

Accepted Answer

TasCredit operates throughout Kazakhstan with a substantial network of 38 offices across 25 cities in the country. The company has pursued regional scaling since 2015, systematically opening branches in various regions of Kazakhstan to expand its geographic reach.

The organization's services are available nationwide, covering both major urban centers and smaller cities across Kazakhstan's various oblasts and regions.

Question 5

What services does TasCredit (TAS Finance Group) offer?

Accepted Answer

TasCredit provides several types of secured microcredit products:

Secured Lending: Loans secured by real estate, loans secured by automobiles with the right to drive, and loans secured by vehicles without driving rights. Loan amounts range from 150,000 to 78,640,000 tenge with flexible terms from 3 to 84 months.

Business Lending: Microcredits for individual entrepreneurs to support business development projects, with requirements for at least 9 months of documented business activity.

Auto Purchase Financing: Credit products specifically designed for vehicle acquisition, launched as part of product line expansion.

Digital Services: The TASCREDIT mobile application launched in 2020 provides 24/7 online loan application services. The platform features automated processes, online approval within 15-30 minutes, scoring systems, and digital document submission capabilities. Applications are processed entirely online without requiring office visits.

Interest rates range from approximately 40% to 56% annually, with the maximum annual percentage rate (MAPR) capped at 46%. The company offers multiple repayment methods including cash payments at offices, bank transfers, various payment terminals (Kassa 24, Qiwi, paydala), and banking applications. Early repayment is permitted without penalties.

Question 6

What makes TasCredit (TAS Finance Group) unique?

Accepted Answer

TasCredit distinguishes itself through its technology-forward approach in Kazakhstan's microfinance sector. The company has developed its own IT platform with integrated scoring capabilities that enables microcredit issuance in as little as 30 minutes.

European Investment Accreditation: In 2020, TasCredit became one of the first Kazakhstani MFOs to pass accreditation with the European investment platform Mintos, successfully attracting and repaying over $5 million in obligations, demonstrating international credibility.

Capital Markets Pioneer: TasCredit became the first microfinance organization in Kazakhstan to issue bonds on the Astana International Exchange (AIX) in December 2019, placing two-year bonds worth $9.4 million at a 20% coupon rate. The company has subsequently issued multiple bond tranches, including a 10 billion tenge placement.

Credit Rating: TasCredit has received a credit rating from Fitch Ratings, maintaining a "B" rating with a "Stable" outlook, which is notable recognition for a microfinance organization.

International Partnerships: The company has signed agreements with international development finance institutions including Kazakhstan's DAMU Entrepreneurship Development Fund under the "Damu-Micro" program for $4.4 million, supporting its lending capacity.

Question 7

What type of financial institution is TasCredit (TAS Finance Group)?

Accepted Answer

TasCredit is classified as a Microfinance Organization (MFO) under Kazakhstan's regulatory framework. In Kazakhstan, microfinance organizations are distinct from banks and are regulated by the Agency for Regulation and Development of the Financial Market (ARDFM) under the Law on Microfinance Organizations.

MFOs in Kazakhstan are specialized lending institutions authorized to provide microcredits to individuals and legal entities, typically secured by collateral, with loan amounts not exceeding 20,000 times the monthly calculation index. Unlike banks, MFOs cannot accept deposits from the public as a core business activity, though they can attract loans from other financial institutions and investors.

TasCredit operates under full licensing requirements implemented in 2021, which brought greater regulatory oversight and transparency to the microfinance sector. The organization must comply with strict reporting requirements, consumer protection standards, and is obligated to provide information to credit bureaus on all issued loans and annual effective rates of return.

TasCredit (TAS Finance Group)

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About TasCredit (TAS Finance Group) in Kazakhstan