IDF Eurasia operates under the brand’s Moneyman and Solva. It makes borrowing money convenient and affordable for anyone with an internet connection. The company uses state-of-the-art technology in its decision-making system, adheres to principles of responsible lending, and contributes to the sustainable financial development of society. IDF Eurasia has entered the list of top five major MFIs according to the National Bank of Kazakhstan.
IDF Eurasia is on track to become the first SME-focused bank in Kazakhstan. OnlineKazFinance completed its transformation from a Limited Liability Company into a Joint Stock Company in December 2022, which was one of the final steps to prepare for the banking transformation. IDF Eurasia finalized its new Board of Directors with 3 Non-Executive Directors. This board includes Mr. Michael Weinstein, a former senior banker at the European Bank for Reconstruction and Development, with the goal of a raise in transparency. The conversion process from MFI into a bank is expected to be finalized in Q3, 2023.
IDF Eurasia became the first Kazakhstan company to join the 2-time global initiative on women financing to advance a gender-responsive approach and to gain additional access to the international impact community. IDF Eurasia significantly enhanced and formalized its ESG agenda, with a focus on inclusive finance and client protection.