New Branches of FINCA Azerbaijan

FINCA Azerbaijan began to 2012 with opening 2 new branches. Goranboy, which operated before as a market office within Ganja branch and Tovuz, which operated before as a market office within Shamkir branch, have been operating as a branch since beginning of this year. At the same time, Dalimammadli market office will serve clients within Goranboy branch, and Govlar market office will do the same thing within Tovuz branch.

Goranboy and Tovuz branches had begun to their operations as a branch with 3764 and 5082 clients. The loan portfolio of Goranboy branch is more than 2.7 million USD, and the portfolio of Tovuz branch is more than 4.2 million USD. Recently there are 12 employees in Goranboy branch and 16 employees in Tovuz branch.

FINCA Azerbaijan serves clients with its 29 branches and 34 market offices in more than 60 locations. Due to statistic of 2011, the number of clients, who FINCA Azerbaijan serves, is 119,867. 32,853 clients of them use individual loan products, and 84,017 clients use group loan products. Total loan portfolio is more than 117 million USD (December, 2011): more than 48 million USD is belong to individual loan portfolio, and more than 68 million USD is belong to group loan portfolio.

The number of disbursed loans in December, 2011 is 14,629 (individual: 3835, group 10,794), and the total amount of these loans is 23,079,165 USD (individual: 8,502,861 USD, group: 14,576,303).