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-
Economics
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In Azerbaijan, there has been an observed increase in the price of flour. In May, a 50-kilogram sack of flour cost 25-26 manats, but now it has risen to 29 manats. This increase in the price of flour is also reflected in the data from the State Statistics Committee (SSC).
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Azerbaijan and Israel have engaged in discussions to advance cooperation in the field of green energy, Azerbaijan's Energy Minister Parviz Shahbazov announced on the social network "X." During the meeting with Israeli Minister of Regional Cooperation David Amsalem, both sides reviewed ongoing cooperation in the hydrocarbon sector, discussed renewable energy projects currently being implemented in Azerbaijan, and explored prospects for enhancing bilateral energy ties.
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The Milli Majlis of the Republic of Azerbaijan has introduced significant amendments to the nation’s food safety law, aiming to enhance regulation over the production and importation of alcoholic beverages, particularly vodka. The amendments, ratified by President Ilham Aliyev, are intended to ensure compliance with stringent safety and economic criteria, reflecting the government's commitment to maintaining public health standards and fiscal accountability.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved amendments to the list of specialized medical institutions authorized to perform donor organ transplants. The changes, guided by the eighth paragraph of Article 119 of the Constitution of Azerbaijan, were announced in resolutions No. 337 and No. 338, signed by Prime Minister Ali Asadov.
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