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
Hungarian Government Makes Another Effort to Sell Its Troubled Malev Airlines
more »
Uzbekistan plans to achieve growth of gross domestic product by 7% in 2005
more »
Parex Assets Management (PAM), an asset management company owned by Parex Bank, has established a subsidiary in Ukraine, Parex Asset Management Ukraine, to launch the fund management operations there by the end of the year
more »
Since September 1 the banking rate in Armenia remains unchanged at 16% annually
more »
Armenian Dram Increases By 0.10% Against U.S. Dollar In August
more »
Over 53,000 private entrepreneurs with a license and a registration number and over 14,000 enterprises, making up 79% of the total number of registered legal entities in the country, were registered in the private sector of the economy in 2003
more »
The first highway that will answer the international standards, is being constructed in the Western Kazakhstan
more »
The euro zone continues to experience a jobless recovery, with no indication that new jobs are being created after more than a year of generally sluggish economic growth
more »
Russia's enclave on the Baltic sea, the Kaliningrad region will sustain losses from Lithuania upping prices on railway transit of fuel and lubricants along its territory
more »
Leading Dutch bank Rabobank will likely become a strategic investor in state-owned BGŻ, a bank servicing mainly the agriculture sector
more »