Finca Azerbaijan to increase loan portfolio by 10%

Finca Azerbaijan to increase loan portfolio by 10%
# 30 December 2013 10:41 (UTC +04:00)

Baku. Nail Huseynli – APA-Economics. New Chief Executive Officer (Country Director) has been appointed to FINCA Azerbaijan Non-bank Credit Organization from December, 2013. Timothy Tarrant who has been working in FINCA International’s different country offices is appointed to this position.

It was noted at the press conference in the head office of the company that 86% of client base of Finca Azerbajan represents regions, 34% of borrowers are women.

Tarrant said they forecast loan portfo9lio to increase by 10% to $220 mln I 2014.

Finca Azerbaijan has given about $1 bln loans to the clients and current loan portfolio makes $190 mln.

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THE OPERATION IS BEING PERFORMED