The total current micro credit portfolio on Azerbaijan makes up $15.280 million
Published:
17 December 2003 y., Wednesday
The total current micro credit portfolio on Azerbaijan makes up $15.280 million. Over 28,000 people in the country are active customers of micro financing agencies (MFA).
The Micro Financing Association of Azerbaijan reports that 13 MFAs work in Azerbaijan, including the Azerbaijan Micro Financing Bank (AMFB) and the German Azerbaijan Fund (GAF).
The following non-bank credit organizations have allocated the biggest credits for the time of their activity: AzerCredit (World Vision) - $9.35 million, Finca-Azerbaijan - $9.15 million, GAF - $7.4 million, and Cred-Agro - $7.3 million. GAF and Cred-Agro have the biggest credit portfolio equal to $3.2 million each.
The resources of the KavkazCredit non-bank credit organization are the most accessible ones. The micro credits from $120 to $1,000 are allocated for 6-18 months under monthly 1%. The pawn credits of AMMB and the business credits of Finca Azerbaijan are the most expensive ones. They are given under 4-5% and 4-4.5% a month respectively.
Šaltinis:
Baku Today
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The Bank of Lithuania, the Baltic country's central bank, said Thursday that it had approved a plan to replace the litas, Lithuania's national currency, with the euro
more »
Capital Intelligence affirms rating for Parex banka with a positive outlook
more »
The Georgian parliament has approved the bill on tax amnesty at a meeting today
more »
The National Bank of Serbia (NBS) has definitively revoked the licence of Raj Bank
more »
Russian state oil company Rosneft has become the new owner of Yuganskneftegaz by buying 100 percent of the shares of previously unknown Baikalfinansgroup
more »
VOLUME OF TRADE BETWEEN RUSSIA AND BELARUS MIGHT EXCEED $16 BILLION BY THE END OF 2004
more »
A Luxembourg-based European courton Wednesday turned down an appeal by Microsoft to delay sanctions imposed on the software giant by the European Commission
more »
Deutsche Börse and Euronext stepped up their wooing of the London Stock Exchange yesterday after holding separate meetings with its chief executive
more »
YUKOS’ major asset, Yuganskneftegaz, the sale of which was long disputed, is no more YUKOS’ subsidiary as yesterday it was sold by bailiffs to secure the recovery of overdue taxes
more »
The main production unit of embattled Russian oil giant Yukos has been forcibly auctioned off
more »