Jet Finance is now live on Esketit, bringing vehicle-backed lending from one of Central Asia’s most active auto markets. 

Jet Finance (MFO Mogo Kazakhstan LLP) is a licensed microfinance organization established in 2019 and regulated by the Agency for Regulation and Development of the Financial Market (ARDFM). The company has grown into a leading non-bank lender in Kazakhstan and today ranks among the top-10 microfinance organizations in the country by asset size. 

Jet Finance focuses primarily on vehicle financing, which represents around 70% of the portfolio, complemented by SME loans and consumer installment loans. Typical loan terms extend up to 84 months, with average loan sizes ranging between €12,000 and €30,000.  

Loan decisions are powered by a proprietary AI-based scoring system, with approvals taking as little as 10 minutes. All auto loans are secured by vehicle collateral, supported by GPS tracking and structured recovery processes. 

In 2025, Jet Finance significantly scaled its operations, increasing its net loan portfolio from €29.9M to €84.8M and making €7.9M in profit.  Annual revenue reached €28.7M. 

Key figures 

  • Portfolio size:  €84.8M net loans outstanding (as at the end of 2025) 
  • Market: Vehicle-backed consumer lending in Kazakhstan 
  • Target yield for users: 10% per year 
  • External rating: B- rating from Fitch Ratings 

Exposure to Jet Finance loans on Esketit is provided through an indirect structure with a revolving loan pool. 

This means: 

  • Users receive exposure to a diversified pool of underlying vehicle-backed loans, rather than individual loans. 
  • Exposure to the underlying assets is indirect, through the financing structure established with the loan originator. 
  • Repayments follow the schedule of the indirect financing agreement, not the repayment schedules of individual underlying loans. 
  • As borrowers repay their loans, funds are reallocated into new loans within the same pool, maintaining continuity. 
  • The loan originator provides a 100% buyback obligation in case of borrower delays. 

Jet Finance has undergone Esketit’s onboarding, legal, and risk-assessment process before being added to the platform. 

Availability options 

Jet Finance loans are: 

  • Available for manual selection 
  • Available in Custom Auto-Purchase strategies 

Currently, Jet Finance is not included in the Diversified strategy, as new loan originators are first observed on the platform before being considered for broader automated strategies. 

We added Jet Finance to the Esketit platform to expand access to a market where vehicle-backed lending demand remains strong and underserved by traditional banks, while offering users another secured earning option across regions and loan structures. 

Jet Finance represents Esketit’s first step in bringing carefully selected external lending companies onto the platform, expanding opportunities while maintaining the same risk-assessment approach applied across the Esketit ecosystem.