Total loan portfolio of microfinance in Azerbaijan increased in October this year at $ 18 million or 1.8%, to $ 1,033 million for 544 thousand customers.
Since the beginning of the year the figure rose by $ 222 million or 27.4 %, and for the year - by $ 268 million or 35 percent. Share of risky loans compared with the beginning of the year remained unchanged, amounting to 1%.
According to the Azerbaijan Microfinance Association (AMFA), the largest creditor of its members remains Accessbank, which accounted for 31.8 % of all micro loans.
Total consideration was based on 31 microfinance institutions in the country. Their total assets amounted to $ 4.796 billion; among micro credit borrowers 27 % were women.
The report reflected AMFA loans ranging from $ 100 to $ 20,000. - 15V -
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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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.
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