Kazakhstani MFO Profits Drop by Half
Summary
Net profit of microfinance organizations in Kazakhstan halved, while total sector revenues fell by nearly 28%.
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Microfinance organizations (MFOs) in Kazakhstan have registered a steep decline in their financial metrics. The overall profit generated by the country's MFO sector plunged by half.
Alongside the drop in profitability, sector earnings also saw a sharp decrease. Total revenues of microfinance companies shrank by almost 28%.
The figures highlight a noticeable downturn in profitability across Kazakhstan's microcredit industry under current operating conditions.
Source: inbusiness.kz
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