Finance for Development expanded portfolio by 73.4 %

The active loan portfolio of the non-bank credit organization LLC Finance for Development in January-October of this year increased by $ 10.75 million or 73.4% to $ 25.46 million.

The assets of the company during the reporting period increased by $ 8.65 million or 45.6 % to $ 27.61 million and the total number of its customers increased by 8.2 % to 11,456 persons.

The share of problem loans in the portfolio decreased by 0.12 percentage points to 0.38%. 20.94% of the borrowers are women (at 7.73 percentage points less than it was at the end of last year).

For the all-time activities in the financial market, the company has issued loans totaling $ 99.98 million.

The Azerbaijani non-bank credit organization (NBCO) Finance for Development started its operations in Azerbaijan in 1997 due to the international humanitarian organization Oxfam. The NBCO activities are aimed at lending the production of agricultural products (livestock, poultry, fish farming , bee-keeping, etc.). The organization provides loans from 100 to 5,000 manat at a monthly interest rate of 2.25% -3% for up to 18 months, both individually and in the form of groups. -15B-