FINCA Azerbaijan starts implementation of new social project
Azerbaijan, Baku, Oct. 30 /Trend/
Non-bank credit organization - FINCA Azerbaijan, which conducts various activities to improve living conditions and support homeless children and families in need of social assistance, has launched a new project as a part of the corporate social responsibility, the organization's message said.
According to the message published on Wednesday, in October 2013, FINCA Azerbaijan started cooperating with the Social Work NGO to provide financial support to the 'Center for family, child and youth education counseling' which operates in Mardakan settlement of Baku.
The Center is engaged in providing psychological support to orphans and families affected by the threat of having their children placed in children's homes that live in Mardakan, Shuvalan, Buzovna, Gala, Zira, Bina, Gorgan, Chagall and Turkan. The Center also helps children with disabilities to address their issues and educate families on proper care of such children.
The Centre is simultaneously conducting consultations for psycho-social support for low-income families. All services at the center are free of charge.
With the financial support of FINCA Azerbaijan, the Center for family, child and youth education counseling will develop the training programs, education and development of children up to 18 years, conduct psychological therapy for children, the youth and families, as well as carry out social work with families and provide other social services, such as mentoring, training of the families with adopted children.
It is planned to provide psychological first aid to about 30 children and 60 families as a result of co-operation of the FINCA Azerbaijan with the Social Work NGO.
During its 15 years of operations, FINCA Azerbaijan has issued loans to customers worth about $1 billion. The organization provides financial services to approximately 150,000 customers with the help of 33 branches and 33 offices across the country. The total loan portfolio of FINCA Azerbaijan is more than $190 million. FINCA Azerbaijan is not only the largest microfinance organization, but also ranks among the largest banks in the country in terms of these figures.