Azerbaijan Micro Financing Bank (AMFB) and Asian Development Bank signed the contract for the issuance of $4mln credit. Trend reports that with reference to the AMFB Release the credit is intended for SMB financing in Azerbaijan for a period of 1.5 years.
AMF is signing the first credit agreement with ADB, thus gaining $32mln for SMB development funding. Over 9,000 persons have already received a credit in AMFB with the average credit amount being $3k.