Asian credit fund - ��

Client Success Stories

Darkhan — Thu, 03 Mar 2011 12:26:52 +0600

Artisans

Building Businesses

Serving the Local Community

Serving the Local Community

Darkhan — Thu, 03 Mar 2011 09:35:03 +0600

2007

Said Dudaev is a dentist in Almaty, Kazakhstan and one of the ACF�s oldest clients. Thirty years ago, Said graduated from the Almaty Medical Institute with a diploma in dentistry and stepped into the family business started by his father sixty years ago. According to the Guinness Book of Records, Dudaev�s family is one of the biggest families of dentists in the country, boasting twenty family members to have joined the profession.
Said�s father served as a dentist in a state clinic during the Soviet period and practiced privately in his house after work. Private medical service was prohibited then, but Said�s father was a kindhearted person. �He could not say no to people who were coming to him with pain and hope,� recalls Said. In Kazakhstan, dentistry occupied a special position, accessible only to the wealthy, even during the Soviet era when medical care was free for all. Dudaev�s house was located in an impoverished district of Almaty, Malaya Stanitsa. Set up by the Russian Empire as an army fort in 19th century, this district was later chosen as a resettlement location for those who were forcibly moved from other parts of the Soviet Union during the Second World War. Dudaev�s family was moved from the Caucasus.
When Said was thinking about starting his own practice after perestroika, he decided to stay in the same neighborhood. �Many people suggested that I set up my clinic in a rich neighborhood, but I wanted to make my own contribution to the Dudaev family name. I could not leave this locality without the services that it had had for years�, says Said. Said�s private clinic, �Dudaev & Co,� is located at his house and employs nine specialists; four of them doctors with substantial experience in state and private clinics. His wife Roza helps with the accounting and administration work at the clinic. There are many families who remain loyal clients to the family practice. �I hope to see my son, who is a dentistry student right now, serving the same families in the future,� says Said. �And I hope the partnership with ACF continues with him as well. I have built up a good network with the local community, city entrepreneurs and financial institutions. I want him to maintain these relationships; this is a great legacy for him.�
ACF has been a reliable financial partner for Said. �He has built up an incredible nine-year credit history with ACF� says Zhanna Zhakupova, Said�s first loan officer and now ACF�s Executive Director. �We are happy to help him any time he needs money� she adds. With ACF loans, Said has updated his equipment, renovated the clinic and bought a specially equipped car to provide door-to-door services to people who could not come to the clinic. Said�s home clinic was small and could not accommodate many people, prompting him to take out an ACF loan for the renovation of another, bigger clinic also located at Malaya Stanitsa. This state-owned clinic was closed during perestroika, leaving the community without medical services. After a long negotiation, Said concluded a ten-year lease agreement with the local municipality to reopen the clinic. ACF provided a three-year loan for partial renovation of this building, and people now have access to dentist, massage, hirudotherapy and X-ray services. After the renovation of the entire building is complete, Said wants to increase the variety of medical services that people can receive there, and employ six more people. ACF plans to help him realize his dreams. After all, community development is the core of the businesses of both ACF and its clients.

Pleased and prosperous clients are the best award for ACF!

Building Businesses

Darkhan — Thu, 03 Mar 2011 09:26:50 +0600

2007

Igor Kleimenov is a 45-year old entrepreneur based in Almaty. Having started off as a trader in the porcelain market, Igor switched to producing plastic windows for residential and business buildings, a sound business decision given the rapid expansion of construction work in the city over the past decade. Igor�s success story is remarkable. When he started off in the late 1990s, his assets were barely worth $200. In 2006, his company was worth almost $59,000.
�I knew that production required high level of capitalization and I decided to start saving money from my trade business,� says Igor. In October 2000, he turned to ACF for his first loan, worth $5,000, which he used for buying equipment for production. Six more loans followed over the next few years, with the biggest one being $23,000. Igor was gradually able to build up his business by investing in more equipment and expanding production. Having saved up over $20,000 by 2005 enabled Igor to enter into a partnership with a brokerage firm. The brokerage company collected orders for plastic windows and placed orders with production companies. For Igor, this partnership could not have come at a better time. Soaring real estate prices and a construction boom in Almaty resulted in brisk business for Igor, his company�s equity increasing by 160% within a few years. To accommodate rapidly growing demand, Igor needed to hire more employees and acquire his own workshop, both of which he successfully accomplished as a result of his partnership with ACF. After receiving ACF loans, Igor was able to almost double the number of employees from eight to the present fifteen. Profits soared to $28,600 in 2006.
ACF is more than just a small business lender � it values its relationships with its clients and offers business advisory services and development assistance. Not only did ACF financially enable Igor move towards his long-term goal of expanding his business, its trained personnel were also able to assist him in formulating a business development strategy.

Pleased and prosperous clients are the best award for ACF!

Artisans

Darkhan — Wed, 02 Mar 2011 16:37:48 +0600

July, 2009

Mairam, Zeinep, Azhargul and Dzhanigul first heard about ACF from the girl friends, who already were borrowers of ACF. After calculation of interest rate and monthly payment they decided to visit ACF office to get more detailed information. All of them were involved into one type of businesses, namely sewing of national costumes and blankets. However, purposes of their loan requests were different. Thus, Mairam planned to spend loan proceeds for new sewing machine to hire her first assistant with the aim to increase business capacity to meet increasing volume of orders as her business was expanding. Zeinep was going to buy more fabric for new big order. Azhargul and Dzhanigul were to expand variety of sewing accessories they use for the costumes. Group started from $500 per borrower on the first cycle of group loan and used all loan proceeds for the business which resulted in stable growth. As the result on the second cycle of group loan the group was able to move to bigger amount - $800 per borrower. Since disbursement of first loan ACF has been working with the group for almost one year and heard only positive comments and best wishes for its work.

We are so happy to realize that ACF became reliable financial partner for many rural women of Kazakhstan!

ACF Press Center

Darkhan — Wed, 02 Mar 2011 12:46:57 +0600

Dear representatives of mass media,

Welcome to ACF Press Center!

Asian Credit Fund is open and transparent organization. Following our main principles of business conduct we are always ready to share all necessary information with you about ACF, answer your questions, conduct press conferences, briefings and interviews.

In case you have any proposals, comments or questions please do not hesitate to contact us.

Press Center contact information:

2 Kotelnikov street, Almaty,
Kazakhstan,

Tel/fax:	+ 7 (727) 250-61-90, ext: 105

e-mail: pr@asiancreditfund.com

Business Development for SME

Darkhan — Tue, 01 Mar 2011 16:40:06 +0600

ACF�s Business Information Service (BIS) project provides high quality and practical information to entrepreneurs, small business owners and rural households. Business owners and households have access to a range of information about economic techniques, effective business management practices, business networks, useful up-to-date information, changes in legislation, taxation and other legal requirements to small business owners. ACF has successfully implemented BIS in all branches of ACF.

The BIS project aims to provide detailed and up-to-date information about changes in regulatory environment so that entrepreneurs can bring their business processes to conformity with current standards and earn more about their rights and duties with the purpose of more active participation in civil society development. Rural households can find information on the development of family farm.

Resources

Each ACF office has an informational rack where any visitor can get free information brochures and leaflets concerning the following topics:

Running a business (tips on management, marketing, accounting, personnel policy, etc.)
Agriculture/household keeping
Legislation and taxation
Public health and sanitary norms for businesses
Business ethics
Information on government subsidies for farmers
Information about new products of ACF

In additions, ACF�s trained staff welcomes one-to-one consultations on loans, business and household development.

Financial Literacy for rural households

Darkhan — Tue, 01 Mar 2011 16:33:21 +0600

In February 2010 ACF trained 2 employees who obtained the Microfinance Center�s (MFC) license to conduct Financial Literacy Training (FLT) for poor households. Later on ACF adapted the course to the local market and conducted 2-day trainings in 6 distant villages in Kazakhstan, including the village of Kievka in Karaganda oblast; Sarykemer in Zhambyl oblast; Kokpekty and Samarka in the Semei region and Shelek and Kargaly in Almaty oblast.

Training teaches people to set up financial goals, manage family budget, save on expenses, find additional sources of income, make cash savings and wisely borrow. 101 people received international standards certificates. 100% of participants decided to make savings and 91% decided to keep family budget records.

Branch network of the ACF

Darkhan — Tue, 01 Mar 2011 15:50:57 +0600

Branch	Rural sub office	District
Almaty	Sarkand	Sarkandski
	Talgar	Talgarski
	Uzynagash	Zhambylski
	Esik	Enbekshikazakski
	Shelek	Enbekshikazakski
	Zharkent	Panfilofski
Karaganda	Kievka	Nurinski
	Ereymentau	Ereymentauski
	Karkaralinsk	Karkaralinski
	Arshaly	Arshalynski
Semey	Beskaragay	Beskaragayski
	Kalbatau	Zharminski
	Urdzhar	Urdzharski
	Samarskoe	Kokpektinski
	Ayagoz	Ayagozski
Taraz	Kulan	Ryskulovski
	Korday	Kordayski
	Momyshuly	Zhualinski
	Sarykemer	Baizakski
	Ryskulova	Tulkubaski
	Saryagash	Saryagashski

Community Outreach

Darkhan — Tue, 01 Mar 2011 15:25:03 +0600

�� As a part of its comprehensive strategic philanthropy program, ACF funds a number of initiatives, geared towards rural youth.�

Business Internship Program

�� This program engages teenagers from rural areas in traineeship experiences that emphasize the �learning by doing� philosophy. Every year the group of teenagers participates in monthly business internships at the businesses of ACF borrowers. ACF provides teenagers with lunch and transportation allowances and also organizes pre-internship �on job safety� course.

Scholarship Program

�� This program aims to improve access to education in rural areas by providing financial support to rural teenagers to get vocational education. ACF has designed an annual competition for its scholarships. The scholarship covers tuition fees, textbooks as well as housing at select colleges.

Leisure Activity Program

�� In addition, ACF organizes a number of leisure activities for rural youth in an effort to engage them creatively. For example, ecological actions, sport competitions, etc.

Open Vacancies

admin — Thu, 29 Apr 2010 10:24:30 +0600

Business Development Analyst for all regions
Requirements: high school education, specialization in economics or finance desirable, high analytical skills, good communication skills, acceptance to often business trips to different regions of country.��
Send your resume by fax or e-mail of regions, look in contact information.

Lawyer
Requirements:
High legal education and working experience for at least 3 years.
Knowledge of civil, administrative, financial, tax and labor laws.
Preferred experience in representing in court, as well as experience in lending legislation.
Legislation, the procedure of registration of contracts of industrial and economic activities of enterprises.
Good skills in working with the programs MS Office.
Sociability, initiative, teamwork skills.
Excellent time management skills and organization of work.
Leadership qualities.

Credit bureau specialist
Requirements:
The higher or vocational education in sphere of economy, the finance or technical education.
Excellent skills of work on the computer.
Experience with spreadsheets is desirable.
Attentiveness to details, high organizational skills of work.

Send your resume to fax: (7272) 50-61-90
Or to e-mail: hr@acfund.kz

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