Starting in 2026, new requirements for microfinance organizations will come into force in Kazakhstan. Borrowers will have the right to receive key information about a microloan and review a draft agreement before signing. MFOs will also be required to assess a client’s ability to repay and refrain from issuing loans that could lead to financial difficulties.
From 2026, new requirements for microfinance organizations (MFOs) will come into force in Kazakhstan, aimed at protecting borrowers from hidden terms, bundled services, and excessive debt burdens.
Before signing a microloan agreement, an MFO must provide a Key Information Document containing the main loan terms. Upon request, the borrower must also be given a draft agreement to review the conditions in advance.
Before concluding the contract, an MFO employee must explain:
- the interest rate;
- the Annual Percentage Rate (APR);
- the consequences of late payments;
- the terms of additional services;
- the differences between repayment methods.
Hiding important terms or forcing additional services is prohibited.
Before issuing a microloan, an MFO must assess:
- the borrower's ability to repay;
- credit history;
- debt burden;
- signs of fraud and other risks.
The organization must also consider the purpose of the loan and verify the information provided using available databases.
If the assessment shows that a microloan may lead to financial difficulties for the borrower, the MFO must not offer such a loan, approve the application, or increase the credit limit.
The new requirements are intended to improve transparency in the microfinance sector and strengthen consumer protection.
Information System “PARAGRAF”. Resolution No. 92 of the Board of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market dated 15 May 2026 “On Approval of Requirements for Carrying Out Microfinance Activities”.
