Microfinance Organization Solva Awarded Industry Leader 2019 Award

Microfinance Organization Solva Awarded Industry Leader 2019 Award

Solva MFI received the prestigious Industry Leader 2019 award for its significant contribution to the state budget and high financial performance. Achievements of the company were noted by the National Business Rating in Kazakhstan according to an independent study.

Solva MFI was awarded a gold medal among enterprises according to the rating “Contribution to the state budget”. The National Business Rating published its results, analyzing the data of the contribution to the state budget of 433,774 Kazakhstani enterprises.

In terms of assets, MFI Solva ranks fourth among the five leading microfinance organizations in the country with an indicator of 11.6 billion tenge. According to data published by the National Bank of the Republic of Kazakhstan, the total profit of MFIs in Kazakhstan for the first half of 2019 reached a record 10.5 billion tenge. For comparison, the growth of this indicator compared to the same period last year amounted to 32.1%.

For six years now, the National Business Rating in Kazakhstan has been analyzing the work of enterprises and awards those who occupy high places in industry ratings with awards. These are financially stable, conscientious companies, drivers for the development of their industries and the country's economy as a whole.

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