BRIEF FEEDBACK ON "AGAT CREDIT" MICROFINANCE ORGANIZATION BASED ON THE REPORT OF "KAPDEPO" INVESTMENT COMPANY: CAVEATS FOR LENDERS (BONDHOLDERS).

This paper presents an analytical assessment of potential future insolvency risks of the “Agat Credit” MicrofinanceOrganization, based on the analytical report prepared by “KAPDEPO” Investment Company and published on December31, 2025. The primary objective of the study is to examine and interpret selected financial indicators disclosed in the reportprepared by analysts of “Kapital-Depozit” LLC, with particular attention to their implications for lenders and bondholders.The paper seeks to contribute to a clearer understanding of the financial sustainability and risk profile of the microfinanceorganization under review.