TODAY.AZ / Business

EBRD to expand $1m-loan to CredAgro

26 October 2006 [10:45] - TODAY.AZ
The EBRD is expanding its support for microfinance in Azerbaijan and extending a $1 million loan to the local microfinance institution CredAgro. $250.000 of the $1 million is being funded by TaiwanICDF.

The loan is provided under the Non-bank Microfinance Institutions Framework for Early Transition Countries launched in 2005, EBRD Office in Baku informs.

CredAgro, set up in 2000, is a microfinance institution with a strong focus on agricultural and rural lending, APA reports.

URL: http://www.today.az/news/business/31809.html

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