FINCA Azerbaijan was founded in 1998 with the objective to provide microcredit to low-income people in the rural and urban areas of Azerbijan. It offers both group and individual lending products. Triodos Fair Share Fund and Triodos Microfinance Fund have provided a loan to FINCA Azerbaijan, so that it can generate further growth in the number of clients it serves.
KEY INDICATORS as of 31 December 2016:
- number of loan clients: 98,868
- percentage female clients: 26%
- percentage rural clients: 66%
- average loan amount: EUR 925
- number of savings clients: -
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.