"FINCA Azerbaijan" increases number of branches in Absheron region
Azerbaijan, Baku, April 27 / Trend /
On April 27, 2012 FINCA Azerbaijan held a new branch office opening ceremony in Khirdalan city, FINCA Azerbaijan said today.
FINCA Azerbaijan's CEO Manish Sane, the representative of the Executive Government of Absheron district, heads of branches of various banks, local businessmen and other guests was attended to this event.
Modern and equipped branch office was demonstrated to the guests, was given information about the types of loan products, commemorative gifts were awarded to the first two clients who have received loan products in Khirdalan branch. New branch in Khirdalan enable small and medium local businessmen to get a loan product with easily and favorable conditions in order to develop their own business.
FINCA Azerbaijan's Khirdalan branch, which began operations with a customer base of 150 people, today increased the number of customers up to 320 people. The credit portfolio of the branch is $455.000. The branch provides the ability to obtain loan products up to $50,000.
FINCA Azerbaijan is a subsidiary company of FINCA Microfinance Holdings (FMH), which is owned and managed by FINCA International, Inc., a not-for-profit micro-financial services organization operating in 21 countries on five continents, creating a global network of shared expertise. FMH leverages the funding of socially-responsible investment partners who share FINCA's mission of providing financial services to low-income entrepreneurs so they can create jobs, build assets and improve their standard of living.
As one of the leading MFIs in the country, FINCA Azerbaijan serves over 120,000 active clients through 29 branch and 35 sub-branch offices, providing clients with a range of financial products and services including Rural Group Loan, Solidarity Group Loan, Individual Express Loan, Small and Medium Entrepreneur's Loan, and Individual Agricultural Loans, enabling them to improve their livelihoods. FINCA Azerbaijan is committed to the highest commercial principles of performance and sustainability.