The micro credit loan portfolio in Azerbaijan declined in June $ 4.5 million, or 0.7%, to $ 719.84 million for 422.05 thousand clients. Since the beginning of the year the figure rose by 11.4%, and for the year - by 22.7 percent. The share of risky loans remained stable, amounting to 3%.
According to the Azerbaijan Microfinance Association (AMFA), the largest creditor to its members remains Accessbank, which accounted for 28.6% of all micro credits.
The total record was based on 30 organizations involved in microfinance in the country. Their total assets amounted to $ 4.053 billion. Of the micro credit borrowers 24% were women (11% 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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