Total loan portfolio of microfinance in Azerbaijan increased in July this year by $ 29.2 million, or 3.1% , to $ 970.232 million for 513 thousand customers.
Since the beginning of the year the figure rose to $ 159.681 million, or 19.7 %, and for the year - to $ 317.512 million or 48.6 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 30.9 % of all micro-credit .
Total registration was conducted on 32 microfinance institutions in the country. Their total assets amounted to $ 4.562 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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