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
In another move to strengthen the financial system, the Commission is proposing controls on credit rating agencies - private companies that evaluate financial risks for investors.
more »
Monday 10 November saw a large report land on the desk of MEPs in the Budgetary Control Committee.
more »
EU wants G20 meeting to pave the way for reform of the international financial system.
more »
New Yorkers reflect on the election of Barack Obama as the 44th President of the United States.
more »
The ability of the EU's common agriculture policy (CAP) to cope with the challenges of affordable food and climate change was discussed in Brussels 3-4 November.
more »
European Union economic growth should be 1.4% in 2008, half what it was in 2007, and drop even more sharply in 2009 to 0.2% before recovering gradually to 1.1% in 2010 (1.2%, 0.1% and 0.9%, respectively, for the euro area).
more »
There are an estimated 4-8 million immigrants working illegally in the European Union.
more »
Hit by economic turmoil and the sharp global downturn, growth in the EU slows almost to a halt.
more »
The top priority is to cushion the impact of the financial crisis on jobs, purchasing power and prosperity of EU citizens.
more »
The International Monetary Fund has approved short-term financing to help emerging market economies weather the global financial storm.
more »