FINCA Azerbaijan offers new loan product

On May 14, 2012 FINCA Azerbaijan non-banking credit organization has started issuing new private agricultural loan, the organization's statement said on Tuesday.

The credit product will be available in more than 60 offices of FINCA in the country. Providing the minimum number of documents employers in three days will be able to get the loan amount of 100 manat / $ 100 - 2,000 manat / $ 2,500 for a period of 6 to 18 months.

Private agricultural loan will be available for persons engaged in agriculture, manufacturing products, as well as trade and services. In order to improve the level of service in February of this year FINCA Azerbaijan has been reduced interest rates for all types of credit products. Depending on the variety of loan interest rate lowered from 3 to 6.6 percent.

FINCA Azerbaijan is a subsidiary company of FINCA Microfinance Holdings (FMH), which is owned and managed by FINCA International, Inc., a not-for-profit micro-financial services organization operating in 21 countries on five continents, creating a global network of shared expertise. FMH leverages the funding of socially-responsible investment partners who share FINCA's mission of providing financial services to low-income entrepreneurs so they can create jobs, build assets and improve their standard of living. As one of the leading MFIs in the country, FINCA Azerbaijan serves over 120,000 active clients through 29 branch and 35 sub-branch offices, providing clients with a range of financial products and services including Rural Group Loan, Solidarity Group Loan, Individual Express Loan, Small and Medium Entrepreneur's Loan, and Individual Agricultural Loans, enabling them to improve their livelihoods. FINCA Azerbaijan is committed to the highest commercial principles of performance and sustainability.


/Trend/