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Central Asian MFO Summit

Social Aspects in Microfinancing

28 October 2022
Rixos Hotel

About the event

Main these of the Forum:

  • MFOs as a factor in development of small and medium-sized businesses, as well as a tool for development of financial inclusion
  • Results and opportunities for MFOs to achieve in their work a balance of three components of sustainable development: economic, social and environmental in modern conditions. Defining the vector of customer focus, development of convenient digital services, transparency and integrity of microfinance market participants
  • Increasing the attractiveness of the microfinance sector in Central Asia, through the expansion of participation of MFOs in socially-oriented investment programs

Location

Almaty, 506 Seifullin Ave., Rixos Hotel

Date and time

October 28, 2022, 8:30AM

Participation is free. Registration is required.

Speakers and participants of the forum

The Summit host and moderator

Assem Nurgaliyeva

Executive Director of “First Credit Bureau” LLP, Member of the Board of Directors of the Association of Microfinance Organizations of Kazakhstan, TV host of "Fintech Time" project

Forum speaker

Nurlan Abdrakhmanov

First Deputy Chairman of the Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market

Forum speaker

Shalkar Zhussupov

Management Board Chairman of MFO “KMF”, Chairman of the Board of Directors of Association of Microfinance Organizations of Kazakhstan (AMFOK)

Forum speaker

Adalyat Abdumanapova

Coordinator of the project on corporate governance in Europe and Central Asia, expert in social and environmental risk assessment of the International Finance Corporation (IFC)

Forum speaker

Yerbol Omarkhanov

Director of Association of Microfinance Organizations of Kazakhstan (AMFOK)

Forum speaker

Ruslan Omarov

CEO of "First Credit Bureau” LLP

Forum speaker

Binur Zhalenov

Chairman of the Board of JSC "Payment and Financial Technologies Development Center of NBRK"

Session moderator

Karlygash Raikhanova

Deputy Chairman of the Management Board of MFO "KMF"

Session moderator

Zhanna Zhakupova

Executive Director of MFO "Asian Credit Fund" (Kazakhstan)

Session moderator

Alisher Akbaraliyev

Chairman of Association of Microfinance Organizations of Kyrgyzstan

Participant of panel session

Timur Zhaksylykov

First Vice-Minister of National Economy of the Republic of Kazakhstan

Participant of panel session

Yelena Bakhmutova

Chairman of the Board of Association of Financiers of Kazakhstan

Participant of panel session

Maksat Nuridenuly

Advisor to the Chairman of the Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market

Participant of panel session

Nariman Mannapekov

Country Director of Asian Development Bank (ADB) in Kazakhstan

Participant of panel session

Raushan Kurbanalieva

Chairperson of the Board of MFO "Arnur Credit" (Kazakhstan)

Participant of panel session

Konstantin Barabanov

CEO of Solva Group ltd., Kazakhstan

Participant of panel session

Gaukhar Buribayeva

Chairperson of the Managing Board of “Damu” Entrepreneurship Development Fund JSC

Participant of panel session

Muyassar Pulatova

Director of Microcredit Fund "IMON" (Tajikistan)

Participant of panel session

Zhumagul Kharlybayeva

CEO of MFO “Bereke” (Kazakhstan)

Participant of panel session

Ganba Jambal

Senior Specialist for Financial Sector of the World Bank

Participant of panel session

Mirlaziz Umarov

Director of NAMI (Uzbekistan)

Forum program


8:30 - 9:30

Sign up for the Forum

9:30 – 9:35

Grand opening. Welcoming speech

Mr Zhussupov – Management Board Chairman of MFO “KMF”, Chairman of the Board of Directors of AMFOK

Mr Omarkhanov – Director of AMFOK

9:35 – 9:50

Report: "The role of the state in development of the microfinance market in the Republic of Kazakhstan”

Mr Abdrakhmanov – First Deputy Chairman of the Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market

9:50 – 11:15

Panel discussion: "MFOs as a tool of SME support and development in the financial market system"

Questions to be discussed:

  • Development of entrepreneurship and business activity of citizens under the new economic policy
  • Problems and needs of SMEs
  • Role of MFOs in SME development
  • Factors limiting the access of SMEs to a wider range of microfinance services

Session moderator:

Ms Nurgaliyeva – Executive Director of “First Credit Bureau” LLP

Session participants:

Mr Abdrakhmanov – First Deputy Chairman of the Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market

Mr Koshmambetov – Director of the Chamber of Entrepreneurs "Atameken" in Almaty

Mr Zhussupov – Management Board Chairman of MFO “KMF”, Chairman of the Board of Directors of AMFOK

Ms Bakhmutova – Chairperson of the Board of Association of Financiers of Kazakhstan

Mr Ramankulov – Deputy of the Mazhilis of the Parliament of the Republic of Kazakhstan from the Ak Zhol Democratic Party

Ms Buribayeva – Chairperson of the Board of JSC "Damu EDF"

Ms Moldazhanova – Executive Director of MFO "Bailyk Finance" (Kyrgyzstan)

 


11:15 – 11:45

Coffee break

11:45 – 13:00

Panel Discussion: "Microfinance: Market Approach or Preservation of the Social Mission?

Results and opportunities for MFOs to achieve the balance of the three components of sustainable development in its work in modern conditions: economic, social and environmental

Questions to be discussed:

  • What guides MFOs in their activities and strategies - profitability or social mission?
  • How is the chosen approach implemented?
  • What is the impact of your approach on the clients' lives, on the corporate culture of the company and employees, on the financial result of the company?
  • What is the use of this approach in the future? How can a balanced approach in online credit granting be observed? When transforming into a bank?

ESG principles in the microfinance sector

Session moderator:

Ms Zhakupova – Executive Director of MFO "Asian Credit Fund" (Kazakhstan)

Session participants:

Ms Pulatova – Director of Microcredit Fund "IMON" (Tajikistan)

Ms Kurbanalieva – Chairperson of the Board of MFO "Arnur Credit" (Kazakhstan)

Ms Moldazhanova – Executive Director of MFO "Bailyk Finance" (Kyrgyzstan)

Ms Abdumonapova – Coordinator of the project on corporate governance in Europe and Central Asia, expert in social and environmental risk assessment of the International Finance Corporation (IFC)

13:00 – 14:00

Lunch break

14:00 – 14:10

Digital Tenge: social aspect

Ms Zhalenov – Chairman of the Board of JSC "Payment and Financial Technologies Development Center of NBRK"

14:10 – 14:20

FCB Certification Authority

Mr Omarov – CEO of "FCB” LLP

14:20 – 14:30

Quality Assessment Algorithm (QAA)

Mr Pavlyuk – Commercial Director of 3DiVi

14:30 – 14:40

Assessing Access to Financial Resources of Small and Medium-Sized Enterprises in Kazakhstan

Ms Mukusheva – Senior Expert of the Center for Competitive Environment Research of Economic Research Institute under the Ministry of National Economy of the Republic of Kazakhstan and the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP)

14:40 – 15:30

Discussion session: "Investing in MFOs for Social Projects in Central Asia

Questions to be discussed:

  • Factors influencing the cost of funding
  • Guaranteeing as a source of additional funding for MFOs

MFO participation in regional programs for SME development, women's leadership and green finance

Session moderator:

Ms Raikhanova – Deputy Chairman of the Management Board of MFO "KMF"

Session participants:

Mr Mannapbekov – Country Director of ADB in Kazakhstan

Mr Barabanov – CEO of Solva Group ltd., Kazakhstan

Mr Akbaraliyev – Chairman of AMFO (Kyrgyzstan)

Mr Jambal – Senior Specialist for Financial Sector of the World Bank

Mr Zvonkov – Senior Investment Officer of IFC

 


15:30 – 15:50

Coffee break

15:50 – 16:45

Discussion session: "Expanding the capacity of MFOs to develop financial inclusion"

Questions to be discussed:

  • Changing demand and needs of MFO clients
  • Regulatory barriers and arbitrage that prevent MFOs to reach their potential
  • Relevance of expanding services for MFOs to promote financial inclusion

Balancing regulation and development of MFO sector

Session Moderator:

Mr Omarkhanov – Director of AMFOK

Session participants:

Mr Nuridenuly – Advisor to the Chairman of the Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market

Mr Kharlybayeva – CEO of MFO "Bereke" (Kazakhstan)

Mr Mikitenko – Deputy CEO Aventus group, CEO of MFO «Credit Seven Kazakhstan»

Ms Maksimova – CEO of MFO "OnlineKazFinance" (Kazakhstan)

 

16:45 – 17:50

Discussion session: "Prospects for cooperation of Associations of MFOs in Central Asian countries".

Questions to be discussed:

  • Conditions and factors that contributed to the unification of MFO Associations of Central Asian countries
  • The potential of MFOs in the regional aspect

Form of interaction between MFC and associations of Central Asian countries

Session moderator:

Mr Akbaraliyev – Chairman of AMFO (Kyrgyzstan)

Session participants:

Mr Kapsdorfer – Network and Partnership Manager of MFC

Mr Umarov – Director of NAMI (Uzbekistan)

Mr Omarkhanov – Director of AMFOK 

 

17:50 – 18:00

IFRS for MFIs: what are the benefits and how to apply easily?

Ms Gorbacheva, Ms Zakirova – Auditing company "AXISA"


18:00

Summit closure


18:30

Gala Dinner

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Forum Partners

General partners

Platinum Partners

Partners

Summit Outcomes

Download presentations Photo report of the event

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