Agrarkredit"s micro crediting increased by 3.3%
The credit portfolio of the non-bank credit organization CJSC Agrarkredit fell in January-April this year by $ 26,000 or 0.2% to $ 20.67 million. During the reporting period the micro crediting increased by $ 590 thousand, or 3.3% to $ 18,351 million.
The corporate assets decreased 0.5% to $ 33.8 million, while the company's customer base decreased by 2.4% to 9,990 persons.
Totally the organization issued loans totaling $ 89.9 mln, including AZN 78.1 million of micro loans.
The share of problem loans in the total loan portfolio increased 0.06 percentage points to 0.54%, and the share of those loans in the micro-credit portfolio increased 0.03% to 0.45%.
At present, the authorized capital of the company amounts to 18,535,424 manats. The only shareholder is the State Property Committee. The organization provides individual, group and business loans for a period of 3 to 7 years. The loan amount varies between $ 100 and $ 100 000. - 15B -
Economics
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