Finance for Development Portfolio Expanded by 61.1 %

The active loan portfolio of non-bank credit organization LLC "Finance for Development" in January-September this year increased by $ 9 million or 61.1% to $ 23.71 million

Assets of the company during the reporting period increased $ 6.72 million or 35.5 % to $ 25.68 million and the total number of customers increased 4.7% to 11,117 people.

The share of problem loans in the portfolios of the company decreased 0.20 percentage points to 0.30%. 20.80 % of borrowers were women (7.87 percentage points less than it was at the end of last year).

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