BAKU, Azerbaijan, April 15. A total of 38,457 borrowers have been issued mortgage loans in the amount of 2.1 billion manat ($1.2 billion) through the Azerbaijan Mortgage and Credit Guarantee Fund (MCGF), the fund told Trend.
The number of 1,500 citizens improved their living conditions as part of the mechanism for renting apartments with the right to purchase, the MCGF said.
The amount of guarantees and subsidies provided by the fund for business projects is 293.06 million manat ($172.3 million), the fund noted.
Mortgage and Credit Guarantee Fund was established in 2017 by the Decree of the Azerbaijani President through the reorganization and merger of the Azerbaijan Mortgage Fund OJSC and the Azerbaijan Credit Guarantee Fund OJSC.