Up to 24.5% annual yield — private bond placement by MOST MFO
Only for 50 qualified investors.
Registration is already open.
MOST MFO is a next-generation digital microfinance company and part of the MOST Holding ecosystem.

It is a licensed digital financial institution that provides short-term loans to small and medium-sized businesses (SMEs) through integration with tech-platforms and digital ecosystems.
Term:
24 months
Bond Issuance Parameters
Exchange: KASE
Payouts:
Quarterly
Coupon Rate:
24.5% per annum
Issue Volume:
₸2.5 billion
Placement:
By subscription
Advantages of the Digital Model:
Risk Management

NPL levels remain within market benchmarks, because of advanced digital analytics
Scalability

The model operates without physical infrastructure, enabling worldwide client service
End-to-End Analytics

Automated creditworthiness assessment system based on comprehensive data
Speed

Loan decisions and disbursement within 3 hours
Integration into real business processes
2.
Partnerships with Marketplaces
The company serves suppliers, distributors, and resellers on e-commerce platforms by providing working capital financing based on their digital footprint.
3.
Digital Client Verification
Lending is provided without collateral, based on a digital risk assessment.
The credit scoring is built using data from:

• Bank statements
• ERP systems
• Client tax and CRM data
1.
ERP Integrations
MOST invests in companies, operating within digital ERP environments, enabling real-time analysis of:

• Turnover
• Accounts receivable
• Cash flow
How the Funds Raised Through MOST MFO Bond Placement Are Used
The primary focus is on financing growing tech and IT companies — a niche underserved by traditional lenders. Funds are also directed toward expanding the microloan portfolio and financing factoring operations.
Yield Projection
~₸1 225 000 000
Total coupon payout over 2 years -
For a placement amount of ₸2.5 billion:
Information for investors:
The proceeds from the bond placement will be used by MOST MFO to replenish working capital and increase the volume of issued microloans, strengthening MOST MFO’s position in the microfinance market.
Sources of Debt Servicing
Revenue from core operations, timely repayment of microloans by borrowers, and reinvestment of incoming funds into new loan issuances.
Investment Advantages
  • High coupon yield — 24.5% per annum
  • Financially stable and solvent issuer
  • Proven profitability and asset growth under IFRS
  • Regulated and monitored by the ARFR (Agency for Regulation and Development of the Financial Market)
  • Backed by the MOST ecosystem and Investors Club
MOST MFO is more than just a microfinance organization — it’s a fintech tool focused on the B2B segment and operating according to the principles of the modern digital economy.
Media About Us:
MOST Holding has announced the “beginning of a new stage of development.” Two strategic partners have invested in the company — Yerkin Tatishev, owner and chairman of the board of Kusto Group, and Aschat Sagdiyev…
Yerkin Tatishev Invests in MOST Holding as It Launches Its Own Neobank
In recent years, Kazakhstan has seen noticeable growth in startups and the venture capital industry. The number and quality of new digital businesses and their customer base are rapidly expanding…
“This Year, We Aim to Finance Hundreds of Companies.” How MOST Holding is Reshaping the Business Lending Market
According to experts, traditional investment instruments are losing their appeal. Today, entrepreneurs and capital-backed investors are looking not only for returns, but also for control, transparency, and engagement in the real economy.
Where entrepreneurs in Kazakhstan are investing today
How to buy bonds?
1
Submit an application on the website. Fill out a short form. An investor relations manager will contact you to explain the terms and next steps.
2
Fund your brokerage account and confirm the application.
Once verified:
- Open or top up your brokerage account (we’ll guide you to the fastest option if needed)
- Through the broker’s manager, submit your bond purchase request
3
You’re all set — you’re now an investor!
Congratulations! From the moment of placement, you’ll start receiving coupon income — 24.5% annually.
We’ll support you at every stage: from subscription to payout.
Get a Consultation
Our contacts:
Ansagan
+7 701 930 5995
LLP “Microfinance Organization MOST”
Trademark: “Microfinance Organization MOST MFO” or “MOST MFO”

License issued: License № 16.21.0001.M for “Microfinance organization activities” issued on November 18, 2024

Registered Address: Republic of Kazakhstan, 071300, East Kazakhstan Region, Ridder, 4th Microdistrict, Building 39/1

Branch Office: Ust-Kamenogorsk, 1 Serikbaeva St., Building 1,
Office 319, Postal Code 070003