Sergey Koynov

Sergey Koynov is a businessman and the owner of the 'Aktiv' network of pawnshops in Kazakhstan, which has recently come under investigation for operating an illegal microcrediting scheme. Authorities have accused Koynov of using a network of pawnbrokers masquerading as second-hand stores to issue loans at exorbitant interest rates, significantly surpassing legal limits. As a result of these actions, hundreds of thousands of citizens, including vulnerable groups, have reportedly fallen into debt traps, leading to his arrest and the suspension of operations at his pawnshop branches across the country.