FINCA Azerbaijan’s Agjabadi branch increases its loan portfolio
Azerbaijan, Baku, Dec. 28 / Trend /
Agjabedi branch which is one of the six branches of FINCA Azerbaijan in the central region providing financial services to medium and small entrepreneurs to build and increase their business has increased its loan portfolio to $7 million. Compared with 2011 the credit portfolio of the branch increased by 26% and become $6.944 million, the company said today.
Operating since 2007 Agjabadi branch with the team consist of 42 employees gives Rural Loan Product, Solidarity Credit Group Loan, FINCA Express Loan, Small Medium Enterprise Loan, Individual Agriculture Loan, Individual Rural Loan products to 6,782 entrepreneurs living in Agjabedi, Zardab, Beylagan and Fuzuli and engaged in trade, services and agriculture.
The risks related with the payment of loans are 0%.
The branch is located at the address: Agjabedi, M.A.Rasulzadeh str., 94 and provides services five days a week from 09:00 - 18:00 (13:00 - 14:00 lunch break).
During 14 years of activity FINCA Azerbaijan with 29 branches and 35 offices across the country provides financial services to more than 135,000 customers. Total credit portfolio of FINCA Azerbaijan is about $150 million. According to these indicators FINCA Azerbaijan is not only the largest microfinance organization but also ranks among the largest banks in the country.