Microcredit To Increase Three Fold In Kazakhstan

Print
 
Dec 2012
Kazakhstan, December, 12 2012 - The amount of microcredits will increase by three and a half times in Kazakhstan the next year.

The Minister of Labour and Social Security Serik Abdenov has informed that from now on the loan portfolio will contain more than 12 billion tenge during the meeting in Astana today. According to the Minister, the procedure of credit will be simplified significantly, while the requirements are to be more rigorous for borrowers. Particularly, it refers to self-employed citizens. So called, non-productive self-employed people will be able to obtain microcredit to develop themselves, and as the result to pay taxes and pension contributions.

Serik ABDENOV, KAZAKH MINISTER OF LABOUR AND SOCIAL SECURITY:

-Currently, only two million 400 thousand from two million 700 thousand self-employed citizens are involved in the pension system. The aim of the microcredits’ amendment is to assist people to get more revenue, develop themselves, pay taxes, and moreover, participate in the pension system and social insurance.



Source : CaspioNet
 

Research Analysis Tools

The fund indexes, institution benchmarks and other market information displayed here are all Symbiotics designed analysis tools, created in-house by our analysts and experts. Symbiotics has one of the oldest track records in microfinance investment analysis dating back to the late 1990s; its indexes and benchmarks have been regularly used as markers by investors, asset managers, financial institutions and practitioners. These, as well as several other research products, are available through the Research Account. Click on the link below to find out more.

Learn More