IDF Eurasia (Solva model) is on observe to develop into the primary SME-focused financial institution in Kazakhstan. OnlineKazFinance accomplished its transformation from a Restricted Legal responsibility Firm right into a Joint Inventory Firm in December 2022, which was one of many last steps to organize for the banking transformation. IDF Eurasia (Solva model) finalized its new Board of Administrators with 3 Non-Government Administrators. This board contains Mr. Michael Weinstein, a former senior banker on the European Financial institution for Reconstruction and Improvement, with the purpose of a increase in transparency. The conversion course of from MFI right into a financial institution is predicted to be finalized in Q3, 2023. The corporate enhanced its company governance and shopper safety efforts by restructuring its Ombudsman and high quality management division to be supervised immediately by the Board of Administrators. The Board of Administrators was absolutely restructured and now consists of 5 members, with 4 being unbiased. In late 2022 and 2023, the corporate joined CISRE and SPTF world initiatives, and is now on the record of dedicated suppliers. IDF Eurasia (Solva model) grew to become the primary Kazakhstan firm to affix the 2-time world initiative on girls financing to advance a gender-responsive method and to achieve further entry to the worldwide impression group. IDF Eurasia (Solva model) considerably enhanced and formalized its ESG agenda, with a concentrate on inclusive finance and shopper safety.