Kazakhstan’s monetary panorama is quickly evolving, influenced each by expertise and by the appreciable function of SMEs. These SMEs represent a outstanding 96.4% of all companies and have turn into a big pillar of the nation’s financial system, accounting for 31.6% of GDP and using 38.6% of the workforce as of 2020. ⁷

The evolving monetary panorama in Kazakhstan is additional exemplified by the outstanding development of sure lending entities. One such firm that stands out is IDF Eurasia below the Solva model. 

Solva’s deal with the SME sector is clear from its monetary efficiency. Its SME portfolio witnessed a staggering development of 102.2% in 2022, reaching €65.2 million in comparison with €32.6 million within the earlier 12 months. This development not solely strengthens the corporate’s foothold available in the market, but in addition correlates with the nationwide development of SMEs constituting a vital section of the financial system. 

Furthermore, IDF Eurasia’s transition in direction of changing into the primary SME-focused financial institution in Kazakhstan displays the nation’s strategic shifts in SME financing. ⁸ 

Amid these strategic shifts, technological adoptions are gaining momentum. Fueled by a youthful, tech-inclined demographic, there’s a rising development in direction of digital monetary companies. And whereas the financial challenges like inflation exist, the sturdy, resource-rich basis of the nation assures stability within the face of adversity.