Question 1

What is Credit Partnership Balkhash?

Accepted Answer

Credit Partnership Balkhash is a microfinance institution operating in Kazakhstan. It is organized as a limited liability partnership (LLP) and functions as a credit partnership under Kazakhstan's legal framework for microfinance organizations. The institution is named after the city of Balkhash in Karaganda Region, suggesting its focus on serving this industrial and mining community.

Question 2

When was Credit Partnership Balkhash founded?

Accepted Answer

[Information not publicly available]

Question 3

Where is Credit Partnership Balkhash headquartered?

Accepted Answer

Credit Partnership Balkhash is headquartered in the Balkhash area of Karaganda Region, Kazakhstan. Balkhash is a city located in central Kazakhstan, situated on the northern shore of Lake Balkhash, and is known for its mining and metallurgical industries.

Question 4

Where does Credit Partnership Balkhash operate?

Accepted Answer

Credit Partnership Balkhash operates in the Karaganda Region of Kazakhstan, with a focus on the Balkhash area. The institution is registered with the Agency for Regulation and Development of Financial Markets (ARDFM) of the Republic of Kazakhstan. Its operations serve communities in this industrial region, which is home to copper mining and processing facilities.

Question 5

What services does Credit Partnership Balkhash offer?

Accepted Answer

As a credit partnership, Balkhash provides microfinance services to its members. These services include microcredit lending for personal, agricultural, and small business purposes. The institution serves individuals who have joined as participants by making a mandatory contribution to the partnership's charter capital.

Credit partnerships in Kazakhstan operate under the Law on Credit Partnerships and the Law on Microfinance Activities, providing financial services to communities that may have limited access to traditional banking services.

Question 6

What makes Credit Partnership Balkhash unique?

Accepted Answer

Credit Partnership Balkhash serves a specialized industrial and mining community in central Kazakhstan. Balkhash is known for its copper production and metallurgical facilities, meaning the credit partnership likely serves workers and small businesses connected to these industries.

The membership-based structure creates a financial cooperative focused on local community needs. This model is particularly valuable in industrial cities where workers and local entrepreneurs need accessible credit options.

Question 7

What type of financial institution is Credit Partnership Balkhash?

Accepted Answer

Credit Partnership Balkhash is classified as a Credit Partnership (Кредитное Товарищество) in Kazakhstan's financial system. This is a specific type of microfinance organization recognized under Kazakhstani law.

Credit partnerships are commercial organizations that conduct microfinance activities, providing microcredits exclusively to their participants. They operate as limited liability partnerships and are regulated under the Law on Credit Partnerships (2003) and the Law on Microfinance Activities (2012). These institutions are supervised by the ARDFM but do not require full banking licenses, allowing them to provide more accessible financial services in regional and industrial communities.

Credit Partnership Balkhash

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About Credit Partnership Balkhash in Kazakhstan