The active loan portfolio of non-bank credit organization LLC Finca Azerbaijan increased during the 8 months of this year by $ 33.05 million or 21.6 % to $ 185.62 million. In the portfolio the fraction of microcredit was 99.4 %.
Assets of the company increased by $ 39.01 million , or 23.3 %, reaching on September 1, 2013 level of $ 205.88 million Total number of customers increased during the reporting period by 6.9 % to 146.51 thousand persons .
The share of problem loans in the total loan portfolio, compared with the beginning of the year, remained at 0.19 %, and micro lending rose by 0.04 percentage points to 0.19 %.
Total the company has issued loans totaling $ 791.43 million, including micro loans - $ 787.99 million.
Finca Azerbaijan was established in 1998. It is part of an international network of micro finance company Finca International. The company provides loans for a period of 4 to 24 months. The loan amount varies from $ 50 to $ 100 000 . The interest rate on the loans varies in the range of 21-36 %. - 15B-
Economics
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