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Abzal KreditMicrofinance OrganizationInvestors PresentationAugust, 2008
AgendaInvestment Highlights
Sector overview and trends
Who we are?
Financial Highlights
Our partners
Contact details
Investment HighlightsFavorable business and regulatory environment
Strong potential for growth of the market
Transparent company business and ownership structure
Strong management team
Strong loan portfolio and assets growth
Stable growth of client base
Summary of sector overview1,086 MFIs registered as of January 1, 2008, among which only 400 are active;
Microfinance services are provided by banks (Microlending program by EBRD), credit unions, non-banking finance organizations and microlending agencies;
As of January 1, 2008 total loan portfolio of active Kazakhstani MFIs was more than KZT 56 billion (USD 462 million) representing only 0.4% to GDPMFIs registered and active (2007)Retail loans to GDPSource: DAMU EDF, National BankNote: USD/KZT exchange rate - 120.3
7
17715900
3563541.0112994351.2264150943
7456973.2090395483.3836477987
10869485.13559322034.9622641509
Registered MFIs
Active MFIs
Growth rate of registered MFIs
Growth rate of active MFIs
2004200520062007
Registered MFIs1773567451086
Active MFIs159354697948
Growth rate of registered MFIs0%101%321%514%
Growth rate of active MFIs0%123%338%496%
00
00
00
00
Registered MFIs
Active MFIs
17715900
3563541.0112994351.2264150943
7456973.2090395483.3836477987
10869485.13559322034.9622641509
&A
Page &P
1 2008
-, -, ,
108685622194873920949739895
161511514177
23171622314259165222
29263272431313
328993279924524
382573425723204
402020361818211011
41311040301024186
41271437251219136
493031432723222522
611765017647124
75542174532129209
.75754646020200
88602878532530255
984098835856202
.147147124124072720
23329920127774194
16
23
29
32
38
40
41
41
49
61
75
75
88
98
147
233
3
5607
6-20173
21-5037
5011
3
0
0
0
0
1
58700.08
74530.12
10139.50.2
127260.4
GDP (KZT bln)
Retail loans / GDP (%)
4
Cost/income ratio
200583.82
200675.56
200774.39
1H200850.03
NIM
20056.23
20060.83
20070.34
1H20080.24
GDP (KZT bln)Retail loans / GDP (%)
20045,870.00.080.00
20057,453.00.120.00
200610,139.50.200.00
200712,726.00.400.000.1003941063
0.0805044948
0.8
4
0
0
0
0
Cost/income ratio
0
0
0
0
NIM
00
00
00
00
&A
Page &P
GDP (KZT bln)
Retail loans / GDP (%)
Sector overviewFavorable legislative and business environment for entrance of international investors;
Actively supported by the Government through DAMU Entrepreneurship Development Fund and multinational institutions such as EBRD and ADB.
Strong potential for growth of the market
As of 1 January, 2008 total number of granted loans by active MFI's was 321 thousand onlyMFIs personnel structure (2007)Loan portfolio (active MFIs)Source: DAMU EDFNote: USD/KZT exchange rate - 120.3
Chart2
0.01
0.04
0.21
0.74
Sheet1
NumberAmount (KZT'000)
200312.70.9
2004624.6
2005108.37.6
2006145.615.8
2007321.355.6
Sheet1
00
00
00
00
00
&A
Page &P
Number
Amount (KZT'000)
Sheet2
Over 50 pers.1%
21 to 50 pers.4%
6 to 20 pers.21%
Up to 5 pers.74%
Up to 5 pers. 74%
Over 50 pers. 1%
21 to 50 pers. 4%
6 to 20 pers. 21%
Sheet2
0
0
0
0
Sheet3
MBD000A24A0.xls
3
607
173
37
11
2004200520062007
1773567451086
88354697948
497
00
00
00
00
1 2008
-, -, ,
108685622194873920949739895
161511514177
23171622314259165222
29263272431313
328993279924524
382573425723204
402020361818211011
41311040301024186
41271437251219136
493031432723222522
611765017647124
75542174532129209
.75754646020200
88602878532530255
984098835856202
.147147124124072720
23329920127774194
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5607
6-20173
21-5037
5011
0
0
0
0
3
Chart1
12.70.9
624.6
108.37.6
145.615.8
321.355.6
Number of loans
Amount (KZT bln)
Sheet1
Number of loansAmount (KZT bln)
200312.70.9
2004624.6
2005108.37.6
2006145.615.8
2007321.355.6
Sheet1
00
00
00
00
00
&A
Page &P
Number of loans
Amount (KZT bln)
Sheet2
Sheet3
Microfinance sector trendsEconomic developments and demographics for Kazakhstan position the sector for significant growth;
Low microfinance penetration in the market supports high levels of business margins
Recent shortage of liquidity in banks facilitates growth of microfinance organizations;
Active support of the sector by the government through a number of initiatives, including legislative and regulatory changes, financing programs to support small business;
Entrance of international investors to financial sector is welcomed!
Regulatory EnvironmentSpecial laws and acts adopted: - Law About banks and banking activity- Law About microlending organizations- Law About credit unions
Organization structure for MFCs is allowed as LLP and public fund.
MFCs are not allowed to collect deposits from population and are limited with max amount of loan (currently USD 70 thousand).
State owned credit bureau established in 2004 (currently obligatory for banks only).
New initiatives to support microfinance market are promoted by Kazakhstani Association of Microfinance Organizations (AMFOK) established in 2004 in cooperation with Microfinance Center (Poland) and CAMFA.