FINCA Azerbaijan Khirdalan branch’s loan portfolio hits $1.5 mln during year
Azerbaijan, Baku, Nov.29 / Trend /
Khirdalan branch, which is the youngest among the other branches of FINCA Azerbaijan celebrated the anniversary of its operation. As a result of the successful work through the 2012 year the loan portfolio has increased to 1.5 million USD and the number of customers is 1,000 people, the credit organization said in its press release on Thursday.
Khirdalan branch provides the opportunity for small and medium entrepreneurs living in Khirdalan, Masazir, Binagadi, Mehtiabad, Mushvigabad, Sulutapa and other places to get the Solidarity Credit Group Loan, Small Medium Enterprise Loan, Individual Agriculture Loan, Rural Loan Product, Individual Rural Loan in good conditions and short period and in amount of 50 to 50 000 USD.
Khirdalan branch provides services to clients in Khirdalan, M.Huseynzade street.
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.