BAKU, Azerbaijan, March 15
By Fidan Babayeva – Trend:
Azerbaijan’s Micro-Credit non-bank credit organization continues to execute the second part of the president’s decree on resolving the issue of bad loans, Deputy Director of the organization Ahmad Efendiyev told Trend.
“The organization offers various consumer and business loans, actively works with individuals and legal entities, strives to create favorable economic conditions and expand financial opportunities,” Efendiyev added. “To date, we have restructured over 50 percent of bad loans.”
“During the entire period of the organization’s activity, a big number of projects with business technologies were implemented,” deputy director said. “However, the organization plans to expand the sector of financial technologies and introduce new innovative business lending systems in 2020.”
"We plan to develop profitable programs and products for our customers in 2020," deputy director stressed.
The organization was established in April 2014 in the manner prescribed by the legislation of the Republic of Azerbaijan.
The mission of the organization is to help customers improve their economic situation by providing them with high-quality credit services in accordance with real requirements and market trends.
The organization acts on the basis of license #06-02069-2014 dated June 25, 2014, issued by the Central Bank of Azerbaijan.
----
Follow the author on Twitter: Fidan_Babaeva