Finance

Finance

Aqrarkredit allocates AZN 6.3 mln-credit to 606 business entities last year

12 January 2012 10:41 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of January 1, 2012, assets of Aqrarkredit non-banking credit organization totaled AZN 25.9 million, loan portfolio â€“ AZN 16.6 million, total capital â€“ AZN 19.5 million, authorized capital â€“ AZN 18.5 million.

In 2011, Aqrarkredit allocated AZN 6.3 million manat to 606 rural entrepreneurs and 1,200 members of 301 groups of borrowers, including AZN 3.3 million to the development of animal husbandry, AZN 0 5 million - crop, AZN 2.4 million - trade and services, AZN 0.1 million - other areas. In addition, 139 business entities were allocated credits through the National Fund for Entrepreneurship worth AZN 1.8 million.

Within the project â€œDevelopment of North Eastern Regionâ€ financed by IFAD, 24 businesses and 400 borrowers in Absheron, Khizi, Siyazan and Shabran districts received credit for AZN 342 thousand, as well as within the framework of â€œDevelopment of North-Westâ€, more than 2,300 members of 579 groups of borrowers, and 45 private entrepreneurs in Gazakh, Agstafa, Tovuz, Shamkir areas received loans for AZN 1.7 million.

From use in the past year of agricultural equipment, purchased through a grant from the Government of Japan and the partnership fund, AZN 259.9 thousand transferred to farmers in the lease, at the expense of the partnership fund.

Note that, during the reporting period, the total incomes of the organization totaled AZN 4.119 million, expenses â€“ AZN 3.897 million. As a result, profit made AZN 221.5 thousand.