Finca Azerbaijan increased loan portfolio by 28.2%

The active loan portfolio of non-bank credit organization LLC Finca Azerbaijan increased during the 10 months of this year by $ 43 million or 28.2 % to $ 195.57 million. In the portfolio the share of micro credit was 98.7 %.

Assets of the company increased by $ 48.9 million , or 29.3 %, reaching on November 1, 2013 level of $ 215.79 million. Total number of customers increased during the reporting period by 8.8% to 148.94 thousand persons.

The share of problem loans in the total loan portfolio compared to the beginning of the year increased by 0.05 percentage points to 0.24 %, and the share in micro credits - by 0.09 percentage points to 0.24 %.

For all-time company issued loans totaling $ 818.737 million , including micro-credit - to $ 787.995 million

Finca Azerbaijan has been operating since 1998. It is part of an international network of microfinance Finca International. The company carries out lending for a period of 4 to 24 months. Loan amount varies from $ 50 to $ 100 000. The interest rate on loans varies in the range 21-36 %. - 15B -