The active loan portfolio of non-bank credit organization LLC Finca Azerbaijan increased during the 7 months of this year by $ 28.19 million or 18.5 % to $ 180.76 million. In the portfolio the fraction of microcredit was 99.5%.
Assets of the company increased by $ 43.17 million , or 25.8 %, reaching on August 1, 2013 level of $ 210.036 million Total number of customers increased during the reporting period by 6.4 % to 145.76 thousand persons .
The share of problem loans in the total loan portfolio , compared with the beginning of the year has decreased by 0.02 percentage points to 0.17 %, and micro-credit on the contrary increased by 0.02 percentage points to 0.17 %.
Total the company has issued loans totaling $ 788.867 million , including micro-credit - for $ 785.572 million
Finca Azerbaijan was established in 1998 . It is part of an international network of microfinance Finca International. The company provides loans for a period of 4 to 24 months. The loan amount varies from $ 50 - $ 100 000. The interest rate on the loans varies in the range of 21-36 %. - 15B -
Economics
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