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Finance for Development expanded its portfolio by more than half
The active loan portfolio of non-bank credit organization, LLC "Finance for Development" in January- August this year increased by $ 7.98 million or 54.3 % to $ 22.69 million
The assets of the company for the period increased by $ 6.4 million , or 33.9 %, to $ 25.36 million total number of customers increased by 1.3% to 10.76 million persons .
The share of problem loans in the portfolios of the society was reduced by 0.02 percentage points to 0.48%. Among borrowers 24.73 % were women ( by 3.94 percentage points less than it was at the end of last year).
Non-bank credit institution of Azerbaijan "Finance for Development" (" Finance for Development" ) started its activity in Azerbaijan in 1997, 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 up to 5 100 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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