Total loan portfolio of microfinance in Azerbaijan rose in May of this year at $ 33.07 million , or 3.7% , to $ 920.310 million for 499 thousand customers.
Since the beginning of the year the figure rose by $ 109.76 million , or 13.5 %, and for the year - by $ 195.94 million or 27.05 percent. The share of risky loans compared with the beginning of the year increased by 1 percentage point to 2%.
According to the Azerbaijan Microfinance Association (AMFA), the largest creditor to its members remains Accessbank, which accounted for 31.3 % of all micro-credit .
Total registration was conducted on 33 microfinance institutions in the country. Their total assets amounted to $ 4.402 billion. Among the microcredit borrowers 28% were women.
The report reflected the AMFA loans ranging from $ 100 to $ 20,000. - 15V -
Economics
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Temporary suspension of gas supplies from Azerbaijan to Serbia will be avoided, Serbian President Aleksandar Vucic announced on Sunday.
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On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
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