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 -
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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