![Finance for Development expands the portfolio in January-April, up 21.5%](https://turan.az/resized/./turan-750-500-resize.webp)
Finance for Development expands the portfolio in January-April, up 21.5%
Active loan portfolio of non-bank credit organizations, LLC "Finance for Development" in January and April of this year increased by $ 3.17 million or 21.5% to $ 17.88 million
The assets of the company for the period increased by $ 830,000, or 4.3%, to $ 19.79 million total number of customers decreased by 2.3% to 10.38 million persons.
The share of problem loans in the portfolios of the Company increased by 0.31 percentage points and totaled 0.81%. Among borrowers 20.57% were women (by 8.03 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, the humanitarian organization Oxfam. The activity of "Finance for Development" is aimed at lending production of agricultural products (livestock, poultry farming, fish farming, bee-keeping, etc.) The organization provides loans from 100 up to 5,000 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-
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