FINCA Azerbaijan Extends Loan Maturities and Provides Discounts on Loan Rates

The non-bank credit institution FINCA Azerbaijan due to the new economic realities accompanied by a drop in the creditworthiness of borrowers extends the maturity of loans individually.

According to the report, it intends to convert foreign currency loans in manat liabilities and restructure the obligations of the clients, both in manats and US dollars.

In addition, on the basis of individual debt restructuring the organization plans to offer discounts on loan rates.

FINCA Azerbaijan has been operating in the country since 1998. Its services are used by 157,000 people. It has granted $ 1.76 billion to small and medium entrepreneurs. --17D-

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