The Fund started to gain momentum by expanding geographic boundaries and increasing the number of the served clients.On November 20, 1997 first loans were disbursed to entrepreneurs in Taldykorgan. Harmonious work of the staff and methodology, successfully tailored to the conditions in our Republic, secured great success to the project in the city of Taldykorgan. The Fund started to gain momentum by expanding geographic boundaries and increasing the number of the served clients.

In 2006 Kazakhstan Loan Fund changed its status and became a Microcredit Organization “Kazakhstan Loan Fund” (KLF) being at the same time a non-for-profit organization. From 1997 to 2007 eight branches were opened in large cities of the Republic of Kazakhstan. Each branch has rural outlets. During its work in the market of the Republic of Kazakhstan KLF strengthened its position of a stable and transparent microfinance organization targeted at client. In the end of 2006 the Fund established a for-profit subsidiary organization “MCO “KazMicroFinance” LLC (KMF). All clients and employees of Kazakhstan Loan Fund were transferred to a new organization. Being a legal successor of Kazakhstan Loan Fund, KMF keeps a position of a leader in microfinance market in Central Asian region, accumulating KLF achievements.