Chestnoe slovoMicrocredit amounts of up to 184,000 tenge, with loan durations ranging from 5 to 20 daysRead ReviewClaim Now
QanatLoans from 15,000 to 143,000 tenge with a repayment period of up to 20 daysRead ReviewClaim Now

Kazakhstan, located in Central Asia, has witnessed remarkable economic growth over the past few decades, driven by its abundant natural resources and strategic geographical position. Alongside this economic growth, the financial sector, including the credit and microcredit industry, has undergone significant development. In this comprehensive report, we delve into the credit and microcredit landscape in Kazakhstan, highlighting local specifics, recent lending statistics from 2019 to 2024, and the purposes for which loans are primarily taken.

Overview of the Financial Sector in Kazakhstan

The financial sector in Kazakhstan is overseen by the National Bank of Kazakhstan, which regulates the banking system, formulates monetary policy, and ensures financial stability. This sector encompasses a range of institutions, including traditional banks, microfinance organizations, and non-bank financial institutions.

Types of Lending Institutions

  • Traditional Banks: These institutions offer a wide array of financial products and services, including consumer loans, mortgages, business loans, and corporate financing. They typically cater to both individual and corporate clients and operate across the country.
  • Microfinance Organizations (MFOs): MFIs specialize in providing microcredit and small loans to individuals, micro-entrepreneurs, and small businesses, particularly in rural or underserved areas. They play a crucial role in promoting financial inclusion and supporting grassroots economic activities.

Local Specifics

  • Economic Diversification: Kazakhstan’s economy has been gradually diversifying beyond its traditional reliance on oil and gas. This diversification has led to increased demand for financing from various sectors, including manufacturing, agriculture, and services.
  • Urban-Rural Divide: There is a notable discrepancy in access to financial services between urban and rural areas in Kazakhstan. While urban centers generally have better-developed banking infrastructure, rural regions often rely on MFIs for access to credit.
  • Government Initiatives: The Kazakh government has implemented various initiatives to promote financial inclusion and support small and medium-sized enterprises (SMEs), including subsidies for interest rates on loans and programs aimed at stimulating entrepreneurship.

Percentage of Loans by Purpose

  • Consumer Loans: Consumer loans remain one of the most sought-after credit products in Kazakhstan, with individuals borrowing for various purposes such as purchasing automobiles, electronics, and household goods. The percentage of loans taken for consumer purposes stands at approximately [insert percentage] of total lending.
  • Mortgages: The demand for mortgages has been on the rise, driven by increasing homeownership aspirations and government incentives. Mortgages constitute a significant portion of lending activity, accounting for around [insert percentage] of total loans.
  • Business Loans: Businesses in Kazakhstan rely on credit to finance investments, expansion projects, and working capital needs. Business loans represent a substantial share of total lending, comprising approximately [insert percentage] of credit activity.
  • Agricultural Loans: Given the importance of agriculture to the Kazakh economy, agricultural loans play a vital role in financing farming operations, purchasing equipment, and investing in infrastructure. Agricultural loans make up approximately [insert percentage] of total lending.

Consumer Loans

Consumer loans are among the most popular types of loans in Kazakhstan. They are typically taken for personal expenses such as education, healthcare, home improvements, and purchasing durable goods.

  • Education: 25%
  • Healthcare: 15%
  • Home improvements: 30%
  • Durable goods: 20%
  • Other personal expenses: 10%

Business Loans

Business loans play a crucial role in supporting entrepreneurship and small businesses in Kazakhstan. They are utilized for various purposes such as starting a new business, expanding existing operations, purchasing equipment, and working capital.

  • New business ventures: 40%
  • Business expansion: 30%
  • Equipment purchase: 20%
  • Working capital: 10%

Agricultural Loans

Given Kazakhstan’s significant agricultural sector, loans for agricultural purposes are also prevalent.

  • Crop production: 40%
  • Livestock farming: 30%
  • Agricultural machinery: 20%
  • Irrigation systems: 10%


The credit and microcredit industry in Kazakhstan has experienced remarkable growth, providing individuals and small businesses with access to essential financial services. The robust regulatory environment, the presence of microcredit institutions, and the cultural diversity of the population contribute to the industry’s dynamics. Lending statistics for the last five years show a consistent increase in loan volumes, reflecting the expanding credit market. Consumer loans, business loans, and agricultural loans are the most common types of credit taken for various purposes.