Semipalatinsk, Eastern Kazakhstan 71400
Contact: Zhumagul Kharlibaeva, General Director
Phone: +7 3222 521645
Fax: +7 3222 521651
Bereke is a non-profit microfinance organization located in the northeastern region of Kazakhstan. It is both profitable and socially oriented. It was started by the UNDP in 1997 as a poverty alleviation program in the region of Semipalatinsk which had high levels of poverty and unemployment. It is considered one of the best microfinance institutions in Kazakhstan, because of its personal approach to clients and its social focus on rural women.
Bereke provides the following products:
- Unsecured credit to entrepreneurs in business groups
- Credit to individual entrepreneurs under guarantee
- Credit to residents of rural locations, either group or individual
Maximum sum of credit for individual entrepreneurs is 1M tenge (approx. 8500 USD), the maximum sum for groups is 300,000 tenge for each member of the group; the maximum term of credit is 12 months for individual credits and 6 months for groups. Annual interest rates range from 48 to 60%.
While preserving the mission of the UNDP project, Bereke considers its priority to be providing credit to women and low-income populations. In 2008, Berek served nearly 5,000 borrowers across Kazakhstan, 89% of which were women.
CAIP/Bereke has collaborated with 21 partner communities in South-Kazakhstan, Zhambyl and Almaty regions since June 2002 and has implemented 73 social infrastructure projects directly benefiting 238,000 people in the three target regions
After the collapse of the Soviet Union, it was difficult for many to find jobs in Kazakhstan. One person who found herself without work and struggling to support her family was Helen. Fortunately, with the help of Bereke, Helen was able to start her own small business, and is now the proud owner of two clothing stores. Full Story