The active loan portfolio of the non-bank credit organization LLC Finca Azerbaijan increased in January- June 2013 by $ 32.3 million, or more than 22.21% to $ 184.93 million.
The figures of the results were reported by the director of the financial structure Manish Sane. According to him, the total number of customers increased during the period by 7% to 146 210 people.
The share of problem loans in the total loan portfolio, compared with the same period last year remained at 0.5 % points, and the share of these loans in micro-crediting decreased by 0.04 percentage points to 0.15 %.
The minimum interest rate on loans decreased during the period from 36 to 21%.
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 - $ 100 000. The interest rate on the loans varies in the range of 21-36 %. - 17B-
Economics
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