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AMFOK signed a Memorandum of Cooperation with Kazpost JSC to expand microcredit in rural areas

The head of state, Kassym-Jomart Kemelevich Tokayev, in his message to the people of Kazakhstan dated September 21, 2021, noted that: “Second-tier banks do not invest in small projects, especially in rural areas. Therefore, it is necessary to use the potential of microfinance organizations. They work locally, they know the customers, their business and opportunities.”

In order to implement the message of the President, the Association of Microfinance Organizations of Kazakhstan (AMFOK) concluded a Memorandum of Cooperation with Kazpost JSC to expand microcredit in rural areas.

Kazpost JSC has a wide network of post offices in rural areas (3,172 branches). Given that the rural population in Kazakhstan is 41%, the work of MFIs in cooperation with JSC Kazpost will expand the coverage of micro-business entities operating in rural areas.

To date, Kazpost JSC has 3,172 post offices and can provide the following services for MFIs:

accepting payments;
agency services;
settlement and cash services;
Internet banking;
issue and maintenance of payment cards for individuals and legal entities;
POS mobile is a mobile application that allows you to turn any smartphone with an NFC module into a POS terminal without additional equipment, which provides convenience in accepting contactless payments for goods, works or services;
Internet acquiring PayPost
salary projects
online crediting of money to any payment card and online issuance of money at post offices.

Kazpost JSC bears a social burden, providing customers with a full range of financial, postal and agency services. Therefore, having common socially-oriented goals, we hope for effective cooperation that will be useful to the citizens of our country, including those living in rural areas.

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