Baku, Azerbaijan, Jan. 29
By Azad Hasanli – Trend:
The Azerbaijan Micro-finance Association (AMFA) expects new investors to appear in the microfinance market, AMFA Executive Director Zhalya Hajiyeva told reporters in Baku Jan. 29.
“We would like to attract new investors to the microfinance market and return the old ones who left the market after the situation worsened,” she said. “There are new investors who are considering an opportunity of entering the market.”
Hajiyeva said that the situation has been stabilizing in the microfinance market this year.
“Lending has been recovered although it mainly occurred through the repayment of loans,” she said. “Today it is important for us to identify the main risks existing in the market and technical assistance which we can render for the market participants to manage these risks.”
Speaking about AMFA’s current measures to support non-bank credit organizations and entrepreneurs, Hajiyeva stressed the law on the encumbrance of movable property, activities to enlighten entrepreneurs and other measures.
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