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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The construction sector is undergoing significant reforms that are reshaping urban landscapes, driving economic growth, and creating jobs, said Namik Gummatov, First Deputy Chairman of the State Committee for Urban Planning and Architecture.
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Starting today, manufacturers and sellers of food and agricultural products can submit offers on the website tedaruk.az, aligning with public procurement requirements for 2025. The submission window will remain open until September 1.
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Recent reports and interviews indicate a noticeable rise in tomato prices in Azerbaijan over the past few months, primarily driven by market monopolies rather than external factors such as fuel costs or weather conditions.
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Azerbaijan's agricultural sector produced goods worth 6 billion 19 million manats in the first half of 2024, a 0.3% increase compared to the same period last year, according to a report by the State Statistics Committee (SCC). The report highlights a mixed performance across various agricultural segments, with livestock production seeing gains and crop production experiencing a decline.
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