The micro credit portfolio increased in Azerbaijan in August of this year at $ 87.44 million, or 13.4%, to $ 740.16 million for 436.78 thousand clients. Since the beginning of the year the figure rose by 15%, and for the year - by 25 percent. The share of risky loans from the beginning of the year fell by 1 percentage point to 2%.
According to the Azerbaijan Microfinance Association (AMFA), the largest creditor to its members remains Accessbank, which accounted for 29% of all micro crediting.
Total registration was based on the 30 organizations involved in microfinance in the country. Their total assets are $ 4.26 billion. Of the 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
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
-
Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
-
Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
Leave a review