STOP MFI | ARDFM suspends the licence of "Zaimer"

The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has suspended the licence of the microfinance institution "Robocash.kz", which operates under the "Zaimer.kz" brand. Violations of legislation have been cited as the reason.

We examine what is known about the situation, what concerns had previously been raised regarding the MFI, and why this case matters for borrowers.