CredAgro credit portfolio has grown to $5,5m, the company` s regional head, Eldar Jafarov told Trend. Besides grants from USAID, CredAgro receives financing from the Swiss micro-financing fund - Dexia / Blue Orchard. CredArgo is the first in Azerbaijan non-bank credit organization financed by the Swiss bank. Whereas, among the banks first was Azerbaijan Micro-financing bank, receiving $1m
Deal between CredAgro and Dexia / Blue Orchard has been signed in 2005 for $800.000 and for 1 year term.
The credits are designed for micro and small business financing in the country. Today CredAgro is engaged in financing of different projects in 20 regions. It has 9 representations. It is involved in different spheres of crediting from agriculture and trade operations, infrastructure, leasing, to the consumer services. CredAgro provides credits with 22-24% of annual rate for 2 year term.