Asian Credit Fund
Asian Credit Fund (ACF) in Kazakhstan focuses on rural households and in particular women who earn income from small-scale agricultural activities. ACF is among the first microfinance institutions in the country to have launched energy efficiency loans and provides financing for housing improvements. In addition, ACF is exploring opportunities to finance renewable energy products in parts of the country, for example the installation of solar panels.
In the coming years, the institution will continue to deepen its outreach targeting small households in rural areas. Triodos Sustainable Finance Foundation has provided a loan to ACF to realise this ambition.
Key indicators Asian Credit Fund year-end 2015:
- number of loan clients: 14,926
- percentage female clients: 99%
- percentage rural clients: 98%
- average loan amount: EUR 346
- number of savings clients: n.a.