In Kazakhstan, seven microfinance organizations have lost their licenses following an inspection. This was reported by Qazaqyia.kz citing Sputnik Kazakhstan.

During the inspection, facts of systematic violations of legislative requirements were identified. In this regard, seven microfinance organizations were deprived of their licenses.

Organizations deprived of licenses

  • 01"MaxMoney" LLP (order No. 67 dated 23.10.2026);
  • 02"Microfinance Systems" LLP (order No. 68 dated 23.10.2026);
  • 03"SurfKaz Finance" LLP (order No. 69 dated 23.10.2026);
  • 04"MFO№1" LLP (order No. 70 dated 23.10.2026);
  • 05"Umit Finans" LLP (order No. 71 dated 23.10.2026);
  • 06"Vivus" LLP (order No. 15 dated 23.10.2026);
  • 07"EL QAZYNA" LLP (order No. 16 dated 23.10.2026).

Microfinance organizations deprived of their licenses are not entitled to carry out activities, as well as to change the terms of existing agreements on the provision of microcredits, except in certain cases.

According to the legislation, in the event of license revocation, the microfinance organization must, within 30 days, undergo re-registration by removing from its name the words "microfinance organization", as well as words and abbreviations derived from them that imply that the specified legal entity carries out activities for the provision of microcredits, or decide on reorganization or liquidation.