BAKU/25.09.13/TURAN : The active loan portfolio of non-bank credit organization, LLC Naxcivan Credit in January- July this year was reduced by $ 3.98 million or 31.9 % to $ 12,482 million.
The assets of the company for the period decreased by $ 3.87 million , or 32.2 %, to $ 8.15 million and the total number of customers decreased by 25.1 % to 6,470 persons .
The share of problem loans in the portfolios of the society from the beginning of the year remained unchanged and amounted to 0.03%. Among the borrowers 48% are women ( no change with respect to the beginning of the year).
Ltd. Naxcivan Credit has issued loans totaling $ 44.193 million.
The company operates in the territory of Nakhchivan Autonomous Republic . Loans are granted for a period of 9 to 18 months, with the amount in the range of $ 500 - $ 5 000. The interest rate on loans is up to 30% per annum. - 15B-
Economics
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