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
Belarus Negotiates Trade, Economic Relations with New EU Members
more »
Microsoft's strategy toward venture investing these days can be summed up in a word: Don't.
more »
Non-oil bilateral trade between Dubai and Bosnia and Herzegovina needs serious development, says Al Mutaiwee
more »
The Hungarian government will next week announce the date when Hungary intends to adopt the euro, Finance Minister Tibor Draskovics said on Tuesday
more »
Cyprus, Estonia, Lithuania, Slovenia 'could adopt euro by 2007'
more »
The draft of the National Development Plan, prepared under the lead of Jerzy Hausner, envisages continued strong economic growth
more »
DuPont Co. and the European Investment Bank led issuers that sold almost $13 billion of debt in the U.S. last week
more »
In 2004 investment flows will be much bigger in new EU member states, forecasts EBRD
more »
Italy yesterday became the latest country in the eurozone to be ordered to bring its budget deficit in line with European rules or face punishment
more »
Shares in Czech oil company Unipetrol have been suspended from trading Wednesday to give the government time to decide on a Polish privatization bid
more »