The active credit portfolio of non-bank credit organization Ltd. Finca Azerbaijan increased during the 11 months of this year by $ 28 million or 24% to $ 145.17 million. In the portfolio the share of micro credits was 99.4%.
Assets of the company increased $ 28.8 million, or 22.5%, reaching by 1 December 2012 the level of $ 156.44 million. The total number of customers increased during the reported period by 12.4% to 134,760 persons.
The share of bad loans in the total loan portfolio, compared with the beginning of the year increased 0.03 percentage points to 0.22%, and their share in the micro-crediting decreased 0.01 percentage points to 0.18%.
For all the time, the company has granted loans totaling $ 229.27 million, including micro-credits of $ 227.91 million.
Finca Azerbaijan was established in 1998. It is part of the international network of microfinance Finca International. The company provides loans for a period of 4 to 24 months. The loan amount varies from $ 50 to $ 50,000. The interest rate on loans varies between 36% and 45.6%. -15B-
Economics
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