The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has prepared a draft Board resolution to approve rules for considering changes to the terms of microcredit agreements, including a new mechanism for the collective restructuring of overdue debt. The draft targets citizens who hold two or more consumer unsecured microcredits with different creditors. The full text of the draft resolution is available on the Open NPA online portal and on the Agency’s official website.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan 2025-06-10
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan drafts rules to introduce collective restructuring of overdue unsecured microcredits
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has drafted a Board resolution to establish rules for amending microcredit agreements, introducing a mechanism for collective restructuring of overdue debt. The draft focuses on citizens with multiple consumer unsecured microcredits from different creditors.