The credit portfolio of microfinance organizations (MFOs) in Kazakhstan reached just over 1.5 trillion tenge in November 2024, marking a monthly increase of 2.5% and a year-to-date rise of 21.9%, according to Finprom . The volume of microloans with overdue debts decreased by 7.4% over the month, amounting to 287.3 billion tenge (or 18.9% of the credit portfolio), while showing a significant increase of 31% since the beginning of the year.
The amount of microloans with overdue debts exceeding 90 days totaled 107.4 billion tenge, which is a 16% decrease over the month, although there was also a year-to-date increase of 39.9%. The share of "toxic" microloans fell from 8.6% in October to 7.1% in November 2024. However, it is worth noting that in December 2023, the proportion of such "bad" loans was only 6.2%.
MFOs in Kazakhstan primarily lend to individuals. By the end of November 2024, the volume of microloans issued to the population reached nearly 1.3 trillion tenge, which is a 2.7% increase compared to the previous month.
The volume of microloans granted to individual entrepreneurs amounted to 188.8 billion tenge, reflecting a 2% growth over the month. Conversely, the volume of microloans issued to legal entities was only 42.3 billion tenge, which is a 3.2% decrease from the previous month.
Within the structure of the credit portfolio of MFOs in Kazakhstan, the largest proportion of microloans with overdue debts exceeding 90 days is also observed among individuals: 7.7% — significantly lower than the previous month (9.6%), but still higher than at the beginning of the year (6.6%). In September 2024, the share of such "toxic" microloans issued to individuals reached as high as 10.3%.
The share of microloans with overdue debts exceeding 90 days issued to legal entities was 5%, while individual entrepreneurs proved to be the most disciplined, with only 4% of the total portfolio in this segment.