Knowledge. Motivation. Freedom.

Karlygash Raikhanova holds the position of Deputy Chairperson of KMF Management Board since October, 2015.

Her current duties include supervising business development, as well as interacting with foreign investors.

She has more than 17-year experience in executive positions in financial services. Working in KMF since 1998, she held different positions in different years of the carrier. In particular, she was the Manager of Taldykorgan and Taraz Branches, Investments Manager, as well as Treasury Manager.

In 2013 she was awarded with the public medal as “The Best Financier” for contribution to financial sector development of the Republic of Kazakhstan.

In 2002 Karlygash Raikhanova graduated from Zhetysu Economic University of Taldykorgan city as the “Financial Economist”. She has the Master of Business Administration (MBA) degree of Kazakhstan Institute of Management, Economics and Strategic Research (KIMEP). She has certificates in finance.

As a hobby she prefers psychology, traveling and social life.

Gulshat Akimzhanova is the member of KMF Management Board since 2006 and Deputy Chairman of the Management Board since 2008.

She is supervising the regional development, products and microfinance business-processes development, small business, marketing and social performance development, staff training issues.

Earlier she held the position of the Credit Department Director, Operational Director, Shymkent and Almaty Branches Director.

Ms. Akimzhanova has a great experience in finance services, which includes the executive positions.

The occupational life in banking sector is more than 22 years, more than 17 of them are in microfinance.

Prior KMF employment she was the Head of the General Accounting Department of Taldykorgan Regional Department of the National Bank of the Republic of Kazakhstan. She joined KMF in 1998 as the Chief Accountant of the Company.

She was awarded with the Certificate of merit for significant contribution to development of Kazakhstan Community Loan Fund and the title of “Fund Veteran” is awarded;

She was awarded with the Diploma for invaluable contribution to development of the Corporate Fund “Kazakhstan Lending Fund”;

In 2013 she was awarded with the public medal as “The Best Financier” for contribution to financial sector development of the Republic of Kazakhstan.

In 1982 she graduated with honors Almaty Institute of National Economy as the “Economist”. She participates workshops for professional financiers regularly, has several certificates in management and finance.

She has 2 adult daughters.

Hobby - hiking, swimming, fitness, she likes reading as a hobby.

Almira Abenova is the member of KMF Management Board since 2006 and Deputy Chairman of the Management Board since 2008.

She came to KMF in 2001 as the Chief Accountant of Shymkent Branch of the Company. Later she held the position of Chief Financial Officer, Company’s Financial Department Director. At the moment Ms. Abenova supervises the financial sphere, budgeting, IT.

Since 2010 till 2013 she was a member of the Governing Council of the Kazakhstan Taxpayers Association (KTA).

In 2013 she was awarded with the public medal as “The Best Financier” for contribution to financial sector development of the Republic of Kazakhstan.

In 1985 Almira Abenova graduated from the Institute of National Economy of the order of Peoples’ friendship (Tashkent city), economist by specialty. She has the professional category of Certified Practicing Accountant (САР) granting the right to use CAP abbreviation in her signature, (ICCAA).

As a hobby Ms. Abenova likes to read, sew and travel.

Kulsara Saparbekova has been taking the position of the Management Board member and Deputy Chairperson of the Management Board since 2019.
She joined KMF in 2000 as Chief Accountant of Shymkent branch. Afterwards, she held the positions of Branch Director, Regional Director, Regional Development Director, and Managing Director. 

In 2013, she was awarded the Public Medal "Best Financier" for her contribution to the development of the finance sector of the Republic of Kazakhstan. In 2018, she received the medal "Honored Financier"

Kulsara Saparbekova graduated from the Kazakh State Economic University in 1992 with a degree in Economics.

Olga Yugay has been the member of the Management Board of KMF since 2021. In 2019 she was appointed as the Chief Financial Officer.

Ms. Yugay supervises the areas of accounting, treasury, financial planning and issues of cooperation with investors.

Previously in KMF, she held the position of the chief accountant.

Ms. Yugay has over 15 years of experience in finance, including managing positions in microfinance.

In 2017, she was awarded “The Best Financier” public medal for her contribution to the development of the financial sector of the Republic of Kazakhstan.

Has two higher degrees. In 2000, she graduated with honors from Almaty Institute of Energy and Communications with a degree in Engineering Economics, followed by a postgraduate course.

In 2002, she graduated from Kazakh State University, majoring in Law.

Certified Internal Auditor; Certified Public Accountant; was awarded DipIFR, СIPA, СAP certificates.

Shalkar Zhussupov is the head of the Microfinance Company KMF since 1998 as the Management Board Chairman. He is one of the initiators of the Association of Microcredit Organizations of Kazakhstan (AMFOK) creation.

Mr. Zhussupov has more than 20-year experience in banking and microfinance sector. He has various certificates in finance, management and leadership. He is actively involved in microfinance market development in Kazakhstan. Since 2005 he actively participated in development of the Law “On microcredit organizations” as well as in amendment and addition of it.

In different years Shalkar Zhussupov was the Chairman of the International Coordination Union of Microfinance Associations of CIS countries, the member of Presidium of the National Economical Chamber of Kazakhstan “Atameken “Union”, the member of Entrepreneurs Union under President of Kazakhstan, independent member of the Board of Directors of “Fund of Entrepreneurship Development DAMU” JSC and “Fund of Financial Support of Agriculture” JSC.

Mr. Zhussupov is the winner of many state awards, as well as he was awarded with the Certificate of Appreciation of the Assembly of Nations of Kazakhstan for significant contribution to advance of nation unity of Kazakhstan, public order “Honoured financier of the Republic of Kazakhstan”.

Shalkar Zhussupov has graduated the Kazakh State Architectural-Construction Academy in 1994. In 1997 at completion of training at the University of the Market at the Kazakh State Academy of Management he was qualified as an economist. Prior to KMF he held the position of the senior economist of the Regional Department of the National Bank of the Republic of Kazakhstan, the leading auditor of the Regional Department of the Budget Bank.

He is married. He is bringing up two daughters. His hobby is reading, football, swimming.

Andrew Pospielovsky was elected to the position of the Supervisory Board Member by the decision of the General Meeting of participants dated February 20, 2015.

Since March 12, 2015 he is elected to the position of the Audit Committee and the Risks Management Committee of KMF Supervisory Board.

Mr. Pospielovsky has extensive experience in banking, including MSME. He held the position of Director General of AccessBank in Azerbaijan (2006-2012). Currently he is in consulting in the field of MSME banking (advisor on strategy, risk management and product development).

Since April 2010 he is the Supervisory Board member of AccessBank in Tajikistan.

Since December 2012 he serves as the Senior specialist of IFC Global Microfinance Group.

Geoffrey Chalmers was elected to the position of the Supervisory Board Member by the decision of the General meeting of participants dated November 30, 2011.

Since February 6, 2015 he was elected to the position of the HR and Remunerations Committee member of KMF Supervisory Board.

Geoffrey Chalmers is an international development professional with 20 years of management and technical experience in microfinance, rural finance, enterprise development and private sector management.

In 1994 he graduated from Tufts University, Medford, Massachusetts, USA. In 2000, he continued his studies in Master's program at Johns Hopkins University, Washington, DC, USA.

Currently at ACDI/VOCA, Mr. Chalmers is a Senior Technical Director for Financial Services, Integrated Rural Development and Enterprise Development and Competitiveness.

He previously served as economic growth officer at the USAID mission in Mexico City, where he designed and managed a five-year, 10 million USD project to improve the microfinance sector.

He has held previous positions at USAID, IADB, World Bank, several NGOs and in the private sector. He currently serves on the board member of Frontiers, a finance company providing wholesale loans to MFIs in the Central Asia.

Mr. Chalmers holds an M.A. in international relations with concentrations in international finance and Latin American studies. He speaks fluent English and Spanish.

Dr. Philipp Pott was elected to the Supervisory Board by the decision of the General Meeting of participants dated August 7, 2015.

He is Managing Partner at I.D. Inspiring Development GmbH, a Frankfurt-based management and consulting company for MFIs and MSME oriented banks in Africa, Eastern Europe and Latin America.

Dr. Pott held executive positions at development finance institutions in Eastern Europe for more than ten years, with a focus on general management, business development and human resources. He was General Manager of ProCredit Moldova (2003-2005), ProCredit Bank Georgia (2006-2010) and ProCredit Bank Ukraine (2012) and Head of Group Business Development at ProCredit Holding (2011-2013). From 2006, he served on the supervisory boards and audit committees at a number of ProCredit banks in Eastern and South Eastern Europe.

Dr. Joachim Bald is an independent consultant representing ACDI/VOCA (USA).

He was elected to the position of Supervisory Board member by decision of the General Meeting of participants dated December 18, 2014.

Since February 6, 2015 he is elected to the position of the Audit Committee and the Risks Management Committee of KMF Supervisory Board.

Joachim leads the Risk Management Practice at the Frankfurt School of Finance and Management (Germany) and serves as Senior Risk Management Consultant for IFC in the MENA region. Dr. Bald is also a Member of the Board of Directors at Bai Tushum Bank, Kyrgyzstan.

Dr. Bald is a widely recognized expert in Treasury and Risk Management for financial services in emerging markets. Dr. Bald has extensive experience working with banks, microfinance institutions and MSME investment funds in more than 30 countries since 2001. Dr. Bald started his career in 1990 in the international banking division of Commerzbank AG, Frankfurt. In 1995 he accepted an international faculty appointment at Oregon State University in Corvallis. 

From 1999 to 2004, he was with Deutsche Börse Systems, the IT subsidiary of the German stock exchange and international derivatives markets operator. 

From 2001 to 2004, he served as Vice President and managing director of the US subsidiary in Chicago, where he was responsible for operating the electronic futures and options trading platform for the Chicago Board of Trade.

Joachim holds a Ph.D. in Economics from Ruhr-University Bochum and a Masters Degree in Finance from Dortmund University. Joachim is also a US Certified Management Accountant. He is fluent in English, German, French and Russian.

Gulnara Shamshieva was elected to the position of the Supervisory Board Member by the decision of the General meeting of participants dated March 28, 2011.

Since November 30, 2011 she is the Chairperson of the Supervisory Board.

nce May 12, 2011 she is the member of the Audit Committee of KMF Supervisory Board.

Since February 6, 2015 she was elected to the position of the HR and Remunerations Committee member of KMF Supervisory Board.

Gulnara Shamshieva has worked in the microfinance industry since 1997.

From 1997 to 2001 she worked as an accountant and a financial observer for ACDI/VOCA office in Kyrgyzstan.

Since 2001 she has been working as a General Director of the MFC Bai-Tushum & Partners, Kyrgyzstan.

Gulnara Shamshieva graduated with honors from Kyrgyz State National University, law and economy department. She has taken a CARANA specialized course and IBTCI specialized course on financial and administrative registration. She has САР certificate, The Union of Accountants and Auditors member, as well as has MFC and other international training centers certificates. 

She passed the training program of the Institute of Small–scale enterprises Development in Manchester (USA), on the special course for microfinance organizations. In 2008 she finished extension courses in the Banking school of the USA Bank Association.