ECONOMY


MICRO FINANCING BANK HAS GIVEN 1500 LOANS

The total amount of credit portfolio of the Azerbaijan Micro Financing Bank has reached today $2,6 million. The number of loans which were to be returned by October 1 exceeds 1500.

During 11 months from the day of foundation of the bank, over 2300 loans for the total amount of $4,3 billion have been given, and more than 800 loans have been already paid back. The bank gives loans amounted at $10 and $30 thousand for 12 months for working capital, under the interest rate of 3 and 2.5 percent per month accordingly.

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