Demirbank borrows loan from abroad for microfinancing

Demirbank borrows loan from abroad for microfinancing
# 12 April 2011 08:39 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Demirbank and US MicroVest organization have signed a contract on borrowing of new financial fund.

Bank says the sum of means allocated by MicroVest I L.P and MicroVest SDF L.P Funds makes $ 2.4 mln. This mean will be presented to local entrepreneurs as small and micro credits.

Remind that, Demirbank has been in operation since 1989. The bak operates 30 branches, 50 ATMs and 245 POS-terminals across the country.
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