Microfinance organization "KMF" has been operating in the market since 1997. For 20 years of activity the Company has become one of the leaders in Central Asian microfinance sector.
The Management Board is a collegial executive body governing the company's activities. The Management Board consists of Chairman of the Management Board, his Deputies of the company.
Shalkar Zhussupov
Management Board Chairman
Shalkar Zhussupov
Management Board Chairman
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.
Almira Abenova
Deputy Chairman of the Management Board
Almira Abenova
Deputy Chairman of the Management Board
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.
Gulshat Akimzhanova
Deputy Chairman of the Management Board
Gulshat Akimzhanova
Deputy Chairman of the Management Board
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.
Karlygash Raikhanova
Deputy Chairman of the Management Board
Karlygash Raikhanova
Deputy Chairman of the Management Board
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.
Kulsara Saparbekova
Deputy Chairperson of the Management Board
Kulsara Saparbekova
Deputy Chairperson of the Management Board
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
Chief Financial Officer
Olga Yugay
Chief Financial Officer
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.
Supervisory Board
Supervisory Board - the body that supervises activities of the Company'scollegial executive body. Supervisory Board consists of five members: Chairperson and three members, nominated by the shareholders and one independent member.
Gulnara Shamshieva
Chairperson of the Supervisory Board
Gulnara Shamshieva
Chairperson of the Supervisory Board
Career summary:
December 18, 2014, till present – KMF MFI LLC, Kazakhstan, Chairperson of the Supervisory Board and member of the Audit Committee and the HR and Remuneration Committee.
May 21, 2018, till present – Kyrgyz Investment and Credit Bank CJSB, Kyrgyzstan, member of the Management Board, Financial Manager.
April 11, 2001 – October 18, 2017 – Bai Tushum Bank OJSC, Kyrgyzstan, CEO.
February 1, 2001 – April 11, 2001 – Bai Tushum Microfinance Fund, Kyrgyzstan, Internal Auditor.
August 1, 1996 – October 30, 2002 – USAID program of monetization and establishment of credit associations in Kyrgyzstan, Osh region, Accountant.
May 1, 1995 – July 31, 1996 – Tax Police of Osh region, Kyrgyzstan, Head of the General Department.
November 1, 1992 – April 30, 1995 – Prosecutor’s Office of Osh region, Kyrgyzstan, Technical Secretary.
June 1, 1983 – October 31, 1992 – Consumer Cooperation of Osh region, Kyrgyzstan, Process Engineer.
Education:
1978-1983 – Frunze Polytechnic Institute, Kyrgyzstan.
1993-1995 – Kyrgyz National State University, Kyrgyzstan.
Dr. Joachim Bald
member of the Supervisory Board
Dr. Joachim Bald
member of the Supervisory Board
Career summary:
July 16, 2018, till present – EFA Group, Singapore, Director of FIDEF (Financial Institutions Development Fund).
December 18, 2014, till present – KMF MFI LLC, Kazakhstan, member of the Supervisory Board, Chairperson of the Risk Committee, member of the Audit Committee and the Remuneration and HR Committee.
December 20, 2003, till present – Bai Tushum Bank OJSC, Bishkek, Kyrgyzstan, member of the Supervisory Board.
August 1, 2004, till present – Frankfurt School of Finance and Management, Germany, Consultant, Trainer, Lecturer.
August 1, 2004, till present – home office in Oregon, USA, self-employed development finance consultant and trainer.
April 1, 2001 – July 31, 2004 – Deutsche Boerse Systems Inc., Chicago, Illinois, USA, Vice President and General Manager.
October 21, 1999 – March 31, 2001 – Deutsche Börse Systems AG, Frankfurt, Germany, IT Project Manager.
December 1, 1995 – October 20, 1999 – Oregon State University, Corvallis, Oregon, USA, Head of International Internship Programs, Lecturer in Finance.
June 10, 1990 – July 31, 1995 – Commerzbank AG, Frankfurt, Germany, Assistant Regional Manager for CIS countries.
1991-1994 – Ruhr-Universität Bochum, Germany, PhD in Economics.
Geoffrey Morris Chalmers
member of the Supervisory Board
Geoffrey Morris Chalmers
member of the Supervisory Board
Career summary:
December 18, 2014, till present – KMF MFI LLC, Kazakhstan, member of the Supervisory Board, Chairperson of the Remuneration and HR Committee.
September 1, 2009, till present – ACDI/VOCA, USA, Vice-President.
September 1, 2005 – August 31, 2009 – U.S. Agency for International Development, Mexico, Financial Development Advisor.
February 11, 2001 – August 31, 2005 – U.S. Agency for International Development, Microenterprise Development Advisor.
October 1, 1999 – February 10, 2001 – Inter-American Development Bank, Microenterprise Development Specialist.
September 1, 1997 – August 31, 1998 – BASICS, Program Assistant.
January 1, 1996 – August 31, 1997 – Solar Tours, Tour Manager.
Education:
1990–1994 – Tufts University, USA.
Philipp Georg Pott
member of the Supervisory Board
Philipp Georg Pott
member of the Supervisory Board
Career summary:
August 7, 2015, till present – KMF MFI LLC, Kazakhstan, member of the Supervisory Board, member of the Risk Committee.
November 30, 2014, till present – I.D. Inspiring Development GmbH, Frankfurt, Germany, Managing Partner.
July 1, 2013 – December 1, 2014 – SME Bank JSC, Freelance Consultant.
December 1, 2011 – July 31, 2012 – ProCredit Bank, Kyiv, Ukraine, Executive Director.
February 1, 2011 – June 30, 2013 – ProCredit Academy, Fuerth, Germany, Managing Director.
March 1, 2010 – June 30, 2013 – ProCredit Holding, Frankfurt, Germany, Head of Business Development Group.
May 1, 2006 – June 30, 2010 – ProCredit Bank, Tbilisi, Georgia, Executive Director.
February 1, 2005 – April 30, 2006 – ProCredit Bank, Kyiv, Ukraine, Executive Retail Manager.
February 1, 2003 – January 31, 2005 – ProCredit Bank, Chisinau, Moldova, Executive Director.
October 1, 2001 – January 31, 2003 – Micro Enterprise Credit (MEC), Chisinau, Moldova, Branch Advisor and Regional Development Coordinator.
January 10, 2001 – September 30, 2001 – Internationale Projekt Consult (IPC), Frankfurt, Germany, Consultant.
Education:
1995-2000 – University of Basel, Switzerland, Master (Licentiate in Philosophy) in Eastern European History
2000-2005 – University of Basel, Switzerland, PhD in Philosophy
Andrew Pospielovsky
member of the Supervisory Board
Andrew Pospielovsky
member of the Supervisory Board
Career summary:
June 1, 2021, till present – Yelo Bank, Azerbaijan, member of the Supervisory Board, Chairperson of the Risk Committee.
March 1, 2021, till present – Opportunity Banka, Serbia, Chairperson of the Supervisory Board, member of the Audit Committee.
November 1, 2018, till present – Bank Lviv, Ukraine, Chairperson of the Supervisory Board, member of the Audit Committee.
January 1, 2019, till present – Credo Bank, Georgia, member of the Supervisory Board, Chairperson of the Risk Committee and member of the Audit Committee.
February 20, 2015, till present – KMF MFI LLC, Kazakhstan, member of the Supervisory Board, Chairperson of the Audit Committee and member of the Risk Committee.
December 1, 2012 – June 30, 2019 – IFC – World Bank Group, Senior Microfinance Specialist (short-term consultant).
April 1, 2010 – December 12, 2019 – AccessBank Tajikistan CJSC, member of the Supervisory Board and the Audit Committee.
June 1, 2006 – August 30, 2012 – AccessBank Azerbaijan CJSC, CEO.
April 1, 2000 – May 31, 2006 – DAI Europe, London, Banking Consultant, Team Leader.
November 15, 1999 – March 31, 2000 – Delegation of the European Union, Moscow, Head of the EU project on capacity development in the field of election monitoring.
September 1, 1998 – November 14, 1999 – Highlife Ltd, London, Emerging Markets Analyst.
Education:
1982-1986 – University of Western Ontario, Canada.
