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
Major expansion increases capacity at Ruzyne airport
more »
Hungary sold late last week euro 1.0bn of seven-year bonds in its first issue since joining the European Union in May
more »
The new route will link Glasgow to Prague and onwards to Poland, Latvia, Lithuania, Estonia, Hungary, Russia and other Central and Eastern European destinations
more »
Russia’s Industry and Energy Minister Viktor Khristenko claimed that the situation with domestic oil major YUKOS will not decrease in investment activities in Russia
more »
Czech automakers are ready to develop incomplete vehicle manufacture in Kazakhstan
more »
Falls in unemployment and inflation will follow strong growth, says EU
more »
As a drastic measure in response to tightened US sanctions, Cuba said Monday that it will ban transactions in US dollars in the country starting Nov. 8
more »
Managers of pension fund Penzijni fond Ceske pojistovny (Czech Republic) announced they would start investing in structured products related to 300 publicly traded European companies thanks to changes in the law governing the industry
more »
Czech engineering company Skodaexport said on Monday it was the highest bidder in an Indian tender to build a $500 million coal-fired power station
more »
Bank Millennium has recorded zł.17 million in net profits during the third quarter of this year, compared to only zł.3 million in the same period of 2003
more »