OREANDA-NEWS. March 2, 2009. Credit portfolio of FINCA Azerbaijan, one of the largest microfinance organizations in Azerbaijan, reduced by 4% this January.

As of 1st February 2009, Organization’s credit portfolio totaled USD 64 million.

“Our overall portfolio as of 1st February of the year made USD 64.098 million. Of them, USD 33.014 million fell on the share of loan-borrower groups and USD 31.084 million on individual loan recipients,” FINCA said.

Following 2008 FINCA portfolio totaled USD 66.731 million.

In January 2009 alone it was given loans for USD 6.132 million, including USD 3.782 million for loan-borrower groups and USD 2.35 million for individual clients,” FINCA reported.

The client base totaled 81,775 people by February 2009.

In 2007 FINCA Azerbaijan overall portfolio was USD 44.3 million.

Today FINCA has the largest branch network of 24 branches and 30 sub-branches in 55 cities and regions of Azerbaijan.