1.      History

Asian Credit Fund (ACF) was established in 1997 as a micro and small business lending program by Mercy Corps, an international relief and development organization. ACF’s financial services are designed to promote small business development and home ownership in select cities and villages throughout the country. 

 
ACF has come a long way in the past decade, transitioning from a donor-dependent non-profit to a self-sustaining lending organization and business development resource for entrepreneurs. For ten years, ACF has successfully operated in a complex environment in Kazakhstan, having disbursed more than $20,6 million to almost 5600 small businesses with no credit losses.  Loans provided by ACF have helped to create and retain almost twenty thousand jobs in Kazakhstan. Being a niche financial institution, ACF follows the model of a community lending institution, providing custom-tailored financial solutions, business advice and technical assistance to its clients through well-trained personnel and through referrals to members of ACF’s partner network.