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Abzal Kredit Microfinance Organization

Abzal Kredit Microfinance Organization. Investors Presentation June, 2009. ABZAL KREDIT. Agenda. Investment Highlights Sector overview and trends Who we are? Financial Highlights Our partners Contact details. Investment Highlights. Favorable business and regulatory environment

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Abzal Kredit Microfinance Organization

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  1. Abzal KreditMicrofinance Organization Investors Presentation June, 2009 ABZAL KREDIT

  2. Agenda • Investment Highlights • Sector overview and trends • Who we are? • Financial Highlights • Our partners • Contact details

  3. Investment Highlights • Favorable business and regulatory environment • Strong potential for growth of the market • Transparent company business and ownership structure • Strong management team • Strong loan portfolio and assets growth • Stable growth of client base

  4. Summary of sector overview MFIs registered and active (3Q 2008) • 1,317MFIs registered as of December 31, 2008, among which only 1,088 are active; • Microfinance services are provided by banks (Microlending program by EBRD), credit unions, non-banking finance organizations and microlending agencies; • As of July 1, 2008 total loan portfolio of active Kazakhstani MFIs was more than KZT 73 billion (USD 602 million) representing only 1.05% to GDP Retail loans to GDP Source: “DAMU” EDF, National Bank Note: as of 30 June 2007 USD/KZT exchange rate – 120.75

  5. Sector overview MFIs personnel structure (2007) • Favorable legislative and business environment for entrance of international investors; • Actively supported by the Government through “DAMU” Entrepreneurship Development Fund and multinational institutions such as EBRD and ADB. • Strong potential for growth of the market • As of 1 July, 2008 total number of granted loans by active MFI's was 445 thousand only Loan portfolio (active MFIs) Source: “DAMU” EDF Note: as of 30 June 2008 USD/KZT exchange rate - 120.75

  6. Microfinance sector trends • Economic developments and demographics for Kazakhstan position the sector for significant growth; • Low microfinance penetration in the market supports high levels of business margins • Recent shortage of liquidity in banks facilitates growth of microfinance organizations; • Active support of the sector by the government through a number of initiatives, including legislative and regulatory changes, financing programs to support small business; • Entrance of international investors to financial sector is welcomed!

  7. Regulatory Environment • Special laws and acts adopted: - Law “About banks and banking activity” - Law “About microlending organizations” - Law “About credit unions” • Organization structure for MFCs is allowed as LLP and public fund. • MFCs are not allowed to collect deposits from population and are limited with max amount of loan (currently USD 70 thousand). • State owned credit bureau established in 2004(currently obligatory for banks only). • New initiatives to support microfinance market are promoted by Kazakhstani Association of Microfinance Organizations (AMFOK) established in 2004 in cooperation with Microfinance Center (Poland) and CAMFA.

  8. Who we are? • Abzal Kredit is a company operating for 6 years established in 2003 as one of the first MFCs in Kazakhstan • Main activity is to provide collateralized microlending services to legal entities and individuals for business development and consumer needs • Stuff of 20 people. In August was opened new branch in Almaty. • Currently one of the top 30 MFCs in Kazakhstan with total assets of KZT 322 million (USD 2.1 million) and equity of KZT 105 million (USD 698 thousand) as of 30/06/2009. • IFRS reporting standards for the last year audited by Fin Audit • Abzal Kredit is a family owned business with owners and management having extensive banking background in largest banks in Kazakhstan. Note:as of 30.06.09: USD/KZT exchange rate – 150.41

  9. Mission To contribute to the development of microfinance market in Kazakhstan with sustainable growth while empowering the respected position in the financial sector Strategic Vision • Serving the local community and the natural customer base where the network is present • Personal as well as institutional relationship • Convenience and responsiveness to customer needs

  10. Strong management team Abzal Akkoshkarov -Co-owner 15+ years of experience in finance and banking, worked on different managerial positions in largest banks and companies in Kazakhstan, including BankTuranAlem. Has degree in finance from Kazakhstan State University Dinara Akhmtekarimova – General Director and co-owner 11+ years of experience in finance and banking, worked on different managerial positions in largest banks and companies in Kazakhstan, including Kazkomertsbank, Has degree in finance from Kazakhstan State University. Almira Akhmtekarimova – Managing Director and Co-owner 8+ years of experience in finance and banking, worked on different managerial positions in largest banks and companies in Kazakhstan, last position Managing Director, International Capital Markets, Alliance Bank, where she raised more than USD 7 billion for the bank through a number of debt and equity transactions, including eurobonds issues and IPO. Has degree in finance from Eastern Kazakhstan State University, held different trainings and seminars in finance.

  11. Organization Chart Director Credit Department Accounting Sector Capital Raising Sector Legal Sector Chief Accountant Internal Security Sector Collateral Appraisal Sector IT Sector

  12. Breakdown by type of collateral 1H2009 (%) Financial Highlights Breakdown of loan portfolio by amount as of 30 June 2009 Strong loan portfolio and assets growth KZT’mln Loan maturity profile 1H 2009 Note:as of 30.06.09: USD/KZT exchange rate – 150.41 Source: Company KAS financials

  13. Loan approval process Main parameters of lending Client full package of documents Lawyer Expertise legal opinion Credit manager Documents processing Appraiser Expertise of Pledged property Credit committee Decision making Negative Client notification Positive Loan granted

  14. Liabilities and equity structure Funding mix (1H 2009) Equity structure 1H2009 • Among investors of Abzal Kredit are foreign and government investment funds as well as local banks. • In September 2008 share capital increased to KZT 100 million (USD 837 thousand). • In September, 2008 company has raised new funding from EDF “DAMU”in the amount of KZT105million (USD 870 thousand) under government program • In March, 2009 company has signed the loan agreement with JSC “Eurasian Bank” for new funding in the amount of KZT100million (USD 670 thousand). Overdue loans KZT’mln Source: Company KAS financials Note:as of 30.06.09: USD/KZT exchange rate – 150.41

  15. Return ratios NIM (%) (%) Strong profitability with potential for further improvement Profit evolution KZT’mln Net Income KZT mln) 5 Source: Company KAS financials Note:as of 30.06.09 USD/KZT exchange rate – 150.41

  16. Our partners and investors

  17. Almira Akhmetkarimova almira757@gmail.com Abzal-kredit@mail.ru Tel. +7 727 266 4647 Fax +7 727 272 1595 Mob. +7 777 444 9992 117, Furmanov Str. Almaty, Kazakhstan Tel. +7 727 272 6196; +7 727 261 1225 Fax.: +7 727 272 1595 E-mail: abzal-kredit@mail.ru Contact details Kamilya Amantayeva Abzal-kredit@mail.ru akamilya@yandex.ru Tel. +7 727 261 1225 Fax +7 727 272 1595 Mob. +7 701 333 6550

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