Arnur Credit

ORDA's investments include securities portfolios of Kazakhstani's issuers, investments in subsidiaries, and real estate. In 2012, Rural Impulse Fund II (RIF II) by Incofin, ASN-Novib Microcredit Fund (ANMF) by Triple Jump, and MicroVest Capital Management, LLC joined Arnur Credit as shareholders at 45%. In 2017, ORDA Credi tsold its remaining 55% of shares in Arnur Creditto its shareholder at the time, Mr. Frantisek Zajic, a Czech citizen. Mr. Zajic has been active on the Central Asian cotton market since 1999, predominantly dealing in raw product originating from Kazakhstan and other Central Asian countries. His relationships with Kazakh cotton producers go beyond those of a trader. Mr. Zajic works with suppliers to ensure they are able to invest into their businesses, grow and innovate by providing pre-payments, as well as help with finding new technologies, etc. Today, Arnur Credit is fully foreign owned, but the mission of the company stays the same, concentrating on microfinance in Southern Kazakhstan and supporting rural, small and medium entrepreneurs. Rural Impulse Fund II (RIF II)