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 Russian Federal Property Fund has not yet decided on the size of a stake in Yuganskneftegaz that will be put up for sale
more »
Uzbekistan achieved 8.9% GDP growth in January-September 2004 compared to 4% (6.46 trillion soums) in the same period of 2003, according to the session of the Cabinet of Ministers
more »
On Friday, Russia postponed by three months, a decision on whether to revoke the Siberian licences of embattled oil major Yukos
more »
Politicians believe Poland will meet the strict fiscal criteria necessary to enter the Euro zone within three years
more »
German companies pay three times more taxes than in Lithuania, where the tax burden is the lowest among the new EU members
more »
The Ministry of Natural Resources Of Russian Federation head Yuriy Trutnev announced the time of the auction where the Eurasian largest gold deposit, called Sukhoi Log will take place
more »
Hungary demands Romania stop Canadian-led gold mine development
more »
Poland's Deputy Economic Minister is praising Bethesda-based Lockheed Martin's $6 billion worth of investment pledges to his country
more »
The Czech government approved an agreement with U.S. aerospace giant Boeing under which it would acquire the company's stake in the state-controlled subsonic jetmaker Aero Vodochody for a symbolic price of 2 koruna, Vice Prime Min
more »
European Central Bank president Jean-Claude Trichet said in an interview published Monday that the eurozone economic recovery remained gradual and that the bank's analysis of the situation was balanced
more »