![Micro-credit for the year increased by almost 30%](https://turan.az/resized/./turan-750-500-resize.webp)
Micro-credit for the year increased by almost 30%
The micro credit loan portfolio in Azerbaijan increased in November to $ 24.6 million, or 3.2%, to $ 789.64 million, 458.7 thousand clients. Since the beginning of the year the figure rose to 22.2%, and for the year - by 29.2 percent. Share of risky loans from the beginning of the year declined by 2 percentage points to 1%.
According to the Azerbaijan Microfinance Association (AMFA), the largest creditor to its members remains of Accessbank, which accounted for 28.9% of all micro-credit.
Total allowance was based on the 30 organizations involved in microfinance in the country. Their total assets are $ 4.45 billion of micro credit borrowers 28% were women (7% less than at the end of last year).
The report reflected the AMFA loans ranging from $ 100 to $ 20,000. - 15V -
Economics
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