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
Economic growth in Estonia soared by 6.8 percent year-on-year in the first quarter of this year
more »
Lithuania’s economy may reach the level of old EU member states in 18 years
more »
Estonia, Lithuania and Slovenia on Sunday became the first EU newcomers to join the "exchange-rate mechanism"
more »
European stocks rose, paced by airlines including British Airways Plc and trucking companies such as Exel Plc, as increased oil supplies from Iraq
more »
The European Commission concedes its been pointing a little too hard at the piggy bank lately
more »
Small companies having less than 10 employees and annual revenues up to LTL 1 million (EUR 290,000) will have a zero profit tax rate
more »
Industrial group Siemens AG won't move 2,000 phone assembly jobs from northwest Germany to lower-wage Hungary
more »
Russian oil firm Yukos has brought in government insider Viktor Gerashchenko to spearhead its effort to avoid bankruptcy by seeking to settle a massive tax bill
more »
The size of Hungary's budget deficit is likely to attract strong criticism from the European Union
more »
Radisson SAS Hotels & Resorts, the first class hotel brand of Rezidor SAS Hospitality, has signed an agreement to manage its first hotel in Macedonia
more »