MFO MOST on KASE: digital revolution in SME lending

Although the company has only been a part of the MOST financial and investment holding for two years, it has already issued 2.5 bln tenge in loans to SMEs. MOST, the parent holding, has been working with entrepreneurs for over 15 years, and during this time has supported over 10,000 small and medium-sized businesses. MFO MOST operates under the MOST Finance brand that is developing a digital borrower assessment model and technological lending infrastructure.

Mirat Akhmetsadykov also noted a key problem in the SME lending market in the country: despite significant demand, 53% of applications are rejected, 42% of which are due to insufficient collateral. MOST is developing an alternative borrower assessment model, focusing on data and digital analysis of company operations.

The company receives management data directly from accounting systems (including 1C) upon request through IT platforms, allowing to form a more complete picture of an entrepreneur's activities. Unlike the traditional banking approach, where the primary indicator is loan repayment, MOST's digital model enables online tracking of business performance and prompt response to changes.

All processes at the company are designed from the outset with full digitalization and implementation of technological solutions in mind, as the organization's mission is to increase access to financing for entrepreneurs and to build trust in the SME segment through transparent digital tools.

KASE continues to provide a platform for open dialogue between investors and issuers, facilitating development of the capital market and expanding the financing opportunities for Kazakhstan's businesses.

On February 18, MFO MOST plans to hold the first special trading session with 2,500,000 unsecured coupon bonds for a total volume of 2.5 bln tenge with maturity of 12 months. The price of each bond is 1,000 tenge.