Azerbaijan, Baku, July 18 / Trend /
Today FINCA Azerbaijan held the opening ceremony of new Bakikhanov branch office at the address: Baku, Syulh street 14/2, the organization's press release says on Wednesday.
The event was attended by the heads of FINCA Azerbaijan, the representatives of the European Bank for Reconstruction and Development and other banking institutions.
Bakikhanov branch which has been functioning since 2006 has a loan portfolio of 3 million USD and provides services to over 2,600 clients. Introducing the minimum number of documents during the short period of time customers of the branch are able to get Solidarity Group Loan, Small and Medium Entrepreneur's Loan, Individual Express Loan and Individual Agricultural Loans up to 50,000 USD. Being aware of the needs of clients who are engaged in agriculture and live in Zykh, Kurdakhani, Mahammadly, Amirdjan townships, Bakikhanov branch plans to issue Rural Group Loan credit product in the nearest future.
"To provide a better and closer customer service over the past 3 months FINCA Azerbaijan opened the offices in Khirdalan, Central and Bakikhanov branches. A new Binagadi branch of FINCA Azerbaijan is expected to be opened in the nearest future," operation manager of Absheron region, Yashar Najafov, who attended the opening ceremony of the branch, said.
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 125,000 active clients through 29 branch and 36 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.
