The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has reiterated that a microfinance organization’s closure, liquidation, bankruptcy or loss of license does not cancel a borrower’s obligation to repay principal and interest under a microcredit agreement. Borrowers should not stop payments solely because a lender has closed or lost its license. If the claim has not been transferred, payments should continue under the agreement using the specified account details. If the debt has been assigned to another financial organization or a collection agency and payment details change, the borrower must be notified of the new creditor and payment arrangements. Borrowers should verify who holds the claim and confirm current payment details before paying. As of Sept. 1, 2026, Kazakhstan had 217 operating microfinance organizations. Eight licenses had been revoked and two suspended since the start of 2026, with systematic legal violations or failure to meet prudential and other regulatory standards cited as grounds for such action. Consumers should verify a provider’s license before obtaining microcredit and may use the microfinance ombudsman’s free service in disputes.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan reiterates that microcredit debts remain payable after lenders close or lose licenses
Kazakhstan’s financial market regulator reiterated that microcredit debts remain payable when a microfinance organization closes, is liquidated or bankrupt, or loses its license. Borrowers should continue paying the original lender or a properly notified assignee and verify the claim holder and payment details before making payments. As of Sept. 1, 2026, eight licenses had been revoked and two suspended since the start of the year.