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Kazakh MFI profits drop 2.2 times in H1

Kazakhstani microfinance organizations posted 22.1 billion KZT in net profit in the first half of 2026—2.2 times less than in the same period of 2025.

Sector revenue dropped 27.7% to 297.6 billion KZT, while expenses fell 24.2% to 268.8 billion KZT. As of July 1, 2026, 213 MFIs operated in the country with combined assets of 1.7 trillion KZT: 140 organizations reported a profit, and 66 posted a loss. TAS Finance Group emerged as the most profitable, earning 5.2 billion KZT, while Freedom Finance Credit recorded the largest loss at minus 5.3 billion KZT.

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