RK MFOs earned record 10.5 billion tenge in six months
Photo: Kazpravda.kz/ Talgat Akhanov
The profit of Kazakhstan’s micro-finance organizations (MFO) in 2019 H1 reached 10.5 billion tenge - a record indicator for the period. The growth for the year made to 32.1%, Kazpravda.kz reports with reference to Ranking.kz.
KMF MFO accounts for 6.1 billion tenge, growth for the year - by 23.8%.
Excluding KMF, the total profit of the remaining MFOs for the year H1is 4.4 billion tenge, an increase of 45.9% on-year.
Of the 167 MFOs of Kazakhstan, 108 companies showed profits. KMF is traditionally the absolute leader in profit. TOP-3 also includes Toyota Financial (997.1 million tenge - 2.7 times more on-year) and Finbox (876.9 million tenge, an increase of 60%).