Bank CenterCredit JSC (Kazakhstan) informed about signing of an agreement about cooperation with Microcredit organization KazMicroFinance LLP
08.05.07 16:14
/KASE, May 8, 07/ - Bank Centercredit JSC (Almaty) securities of which are
traded in Kazakhstan stock exchange's (KASE) category "A" official list had
spread the press-release with the following contention:
quotation begin
Almaty, May 5, 2007 - Bank CenterCredit JSC and Microcredit organization
KazMicroFinance LLP had signed an agreement about cooperation on the special
program of crediting of the small business Effect Plus. For clients of
KazMicroFinance is foreseen the crediting in Bank on the privileged
conditions. The privileged conditions are in possible setting of minimal
interest for usage of loan, simplifying of documents circulation while
consideration of credit applications, flexible approach to the structure
of loan security.
As of March 1, 2007 Bank CenterCredit JSC had taken the third place
among Banks, realizing the crediting of small business on the Program of
European Bank for Reconstruction and Development. If as of January 1, 2006
the volume of loan portfolio on crediting of small business made $74 m.,
than on January 1, 2007 it had reached $160 m. due to active work of
Bank's workers. For today are actively functioning 66 sales points for
crediting of small business. As of end of year 2007 it is planning the
increasing of these points to 110.
The signing of the given agreement is directed on realization of projects
for widening of market of crediting, crediting of new clients, directed by
Organization to the Bank on privileged terms for supporting of subjects of
small business.
MCO KazMicroFinance is the daughter company of Corporate Fund Microcredit
organization Kazakhstan Fund of Crediting, which enters the third best
Microfinancial Organizations of the world by portfolio quality according to
estimation of global portal MixMarket, has 2 international ratings with high
value and also in year 2002 was considered as one of the best projects of
USAID in the world.
Microcredit organization KazMicroFinance LLP - organization, providing the
individual and group microcredits. Being the absolute leader on the market
of microcrediting since year 1997, for today the organization included 7
subsidiaries and 20 departments, as of May 1, 2007 KazMicroFinance services
more than 23000 clients with credit portfolio more than $33.0 m. Clients
of KMF are mainly the starting businessmen, which obtaining the culture
of crediting, further are becoming the worthy clients of commercial banks.
The principles of activity are clarity and availability, orientation on he
client, innovation approach and professionalism in all aspects of activity,
care about the client and personnel, qualified servicing and democracy in
acceptance of decisions. Tasks of Microcredit organization: to cultivate
the culture of microcrediting, change relation of financial sector to work
with micro enterprisers, bring the benefit to the public.
Agreement of Bank CneterCredit JSC with MCO KazMicroFinance LLP foresees
the opening of additional abilities and provision with help to businessmen,
who do not have access to banking products, and persons who wish to develop
their business and provide the self-employment.
Since first years of independence the government of Kazakhstan had
especially marked out the sphere of development of small and middle
business, understanding the importance of it for development of economy,
which is one of priority tasks of the given agreement, and also decision
of social problems, because exactly the business provides the main amount
of vacancies and stimulates the appearing of middle class.
The given agreement about cooperation is aimed to activate the involvement
of population to the business undertakings, in order each businessmen has
an access to credit resources.
Additional information is available at:
PR manager of Bank CenterCredit JSC
Mambetova Zhanna by tel. 59-86-03
e-mail: zmambeto@centercredit.kz
PR specialist of MCO KazMicroFinance LLP
Avdonchenkova Julia by tel. 250-68-77
e-mail: juliya_a@kclf.kz
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[2007-05-08]