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
Foreign direct investments in Moldova amounted to $829m by the end of the first half of this year
more »
Activities of the countries members of the common economic environment (CES) -- Belarus, Kazakhstan, Russia and Ukraine -- may have a positive impact on all members of the Commonwealth of Independent States
more »
The Poland Finance Ministry decided that entrepreneurs will be allowed to deduct part of their expenditure on innovative technologies from their tax base
more »
UzbekInvest national export-import insurance company is acting as co-organiser of business seminar, which will be held within the first National Commercial-Trade Exhibition of Poland in Uzbekistan on 5 October
more »
Ryanair's profit margins will shrink by one-third next year if oil prices stay at their current record level
more »
Romania expects foreign direct investment to reach $2.5 billion in 2004, the Rompres news agency reported Friday
more »
French auto maker Renault is in talks with the Romanian government to purchase an abandoned automobile production site in Romania owned by Daewoo of South Korea to boost production of its Logan model
more »
8 new EU states including Lithuania likely to attract most foreign investment, forecasts the Financial Times
more »
The four points of consensus reached on the energy cooperation between China and Russia showed that Sino-Russian energy cooperation has made a big progress
more »
U.S. agency plans to invest up to US $2 billion in Ukrainian economy
more »