The active credit portfolio of the non-bank credit organization Ltd. Finca Azerbaijan increased for seven months of this year by $ 17.22 million or 14.7% to $ 134.42 million. The share of micro credits in the portfolio was 99.4%.
The assets of the company increased by 20.64 million, or 16.2%, reaching on August 1, 2012 $ 148.25 million. The total number of its customers increased over the period by 7.7% to 129,120 persons.
The share of bad loans in the total loan portfolio decreased 0.01 percentage points to 0.18%, and the share of bad loans in the micro-crediting reduced 0.02 percentage points to 0.17%.
For all the time, the company has granted loans totaling $ 210.13 million, including micro-credit totaling $ 208.99 million.
Finca Azerbaijan was established in 1998. It is part of the international network of microfinance Finca International. The company provides loans for a period of 4 to 24 months. The loan amount varies from $ 50 to $ 50,000. The interest rate on loans varies between 36 and 45.6%. -15B -
Economics
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