The active loan portfolio of non-bank credit organization LLC Finance for Development in January and July of this year increased $ 5.19 million or 35.3 % to $ 19.9 million.
The assets of the company for the period increased $ 3.92 million or 20.6 % to $ 22.88 million and the total number of customers decreased by 3.4 % to 10.26 million persons.
The share of problem loans in the portfolio declined 0.03 percentage points to 0.47%. Among the borrowers 21.23% are women (7.44 percentage points less than it was at the end of last year).
Non-bank credit institution of Azerbaijan Finance for Development started its activity in Azerbaijan in 1997 by the humanitarian organization Oxfam. The activity is aimed at lending production of agricultural products (livestock, poultry farming, fish farming, bee-keeping, etc.). The organization provides loans of 100 to 5 thousand manat at a monthly interest rate of 2.25 % to 3 % for up to 18 months, both individually and in the form of groups. - 15B -
Economics
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