The active credit portfolio of the non-bank credit organization Ltd. Finca Azerbaijan increased in the first half of this year by $ 19.18 million or 16.4% to $ 136.39 million. The share of micro credits in the portfolio was 99.4%.
The assets of the company increased $26.48 million or 20.8% to $ 154.09 million. The total number of the customers increased over the period by 7.5% to 128.86 thousand persons.
The share of bad loans in the total loan portfolio decreased 0.03 percentage points to 0.16%, and this share in the micro credits decreased 0.02 percentage points to 0.17%.
For all the time, the company has granted loans totaling $ 206.33 million, including $ 205.22 million for micro crediting.
Finca Azerbaijan was established in 1998. It is part of 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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Azerbaijan's National Depository Center (NDC) has announced a series of strategic goals and digital innovations for 2024-2026, aimed at fostering trust, expanding market access, and diversifying investment instruments in the country’s capital markets.
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