Bank Of Baku

Azerbaijan Micro-finance Association to receive technical aid from Deutsche Bank

Azerbaijan Micro-finance Association to receive technical aid from Deutsche Bank
# 25 February 2011 11:44 (UTC +04:00)
Baku. Elnur Huseynguliyev - APA-Economics. Azerbaijan Micro-finance Association is intending to receive $25 000 technical aid from German Deutsche Bank, Executive Director of AMA Jale Hajiyeva told APA.

To her, this means will be spent for investigation to be conducted over the project on excessive borrowing of clients. “These investigations will be conducted on micro-credit organizations functioning in the country and the main purpose of the project is to study the level of excessive borrowing of clients in Azerbaijan, findign ways of porevention the excessive borrowing”, he said.

Hajiyeva said that analiogical investigations are plnnaed to conduct in 5 other countires.

Remind that, AMA operates since 2001.
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