Bank Of Baku

Azerbaijan Micro-finance Association increases number of its members

Azerbaijan Micro-finance Association increases number of its members
# 16 June 2011 10:18 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Qafqaz Leasing company joined Azerbaijan Micro-finance Association (AMFA), executive director of AMFA Jale Hajiyeva told APA.

To her, Qafqaz Leasing company is the first leasing company, which joined the members of the organization and together with this company number of AMFA members hit 29. One more leasing company is expected to join the organization until the end of this year.

Hajiyeva noted that membership fee is calculated for volume of assets. That is, membership fee for the companies having assets up to AZN 5 mln must pay AZN 1500, the companies having assets at amount of more than AZN 5 mln must pay AZN 3500.

Remind that, AMFA has been in operation since 2001. It is member of 14 micro-finance organizations functioning in Azerbaijan.
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