FINCA Azerbaijan’s Lokbatan branch increases its loan portfolio by 57 percent
Azerbaijan, Baku, Nov. 28 /Trend/
As a result of rapid development of FINCA Azerbaijan's Lokbatan branch, the loan portfolio of the branch increased by 57% compared to previous year and reached four million dollars, the report of non-profit credit organization stated on Wednesday.
The branch provides an opportunity to small and medium enterprises engaged in trade, manufacturing and services to get Small and Medium Enterprises Loan and FINCA Express Loan in the amount of $100 to $50.000 on the acceptable conditions and short period.
FINCA Azerbaijan is a subsidiary company of FINCA International a not-for-profit micro-financial services organization operating in 21 countries on five continents, creating a global network of shared expertise. FINCA's mission is 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 130.000 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.