Avrasiya-Kredit | MFIs in Azerbaijan

Gross Loan Portfolio USD, 2010: 848,243.8

Number of active borrowers 2010: 2,058

Average loan balance per borrower USD, 2010: 412.2

Deposits USD, 2010: 0.0

Assets USD, 2010: 932,266.3

Number of depositors 2010: 0

Mission:

Allocating micro-credits to mine victims and people suffering from mine and unexploded ordnance (UXO) refugees and people with lower income to improve their farmer unities and meet their needs in consumer goods .

Background and Main Challenges:

Due to the micro-credits allocated by “Avrasiya-Kredit” Non-Bank Organization the followings were achieved: 1. Family income of refugees/IDPs, people impacted by mine/UXO, mine victims settled in war torn and liberated regions of Azerbaijan, was improved due to rendered support. 2. Reliable ... Read more

Address:

Mehdi Hussein str 1A

Baku

1006

Azerbaijan

Phone:

(+994 12 ) 439 76 97

Fax:

(+994 12 ) 439 49 15

Email:

office [at] iepf-ngo [dot] org

Products and Services:

Loans

Looking for (Investment Types):

Loans in Local Currency

Loans in USD

Capacity-Building Grants

% Operations Comprised by MF:

91 - 100

Date established:

Sep 13 2007

FYE:

31-Dec

Current Legal Status:

NBFI

Regulated:

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
People affected by war and mine victims	1
Clients living in rural areas	2
Clients living in urban areas	3
Women	4
Adolescents and youth (below 18)	5
+ Development goals (ranked by importance)
Poverty reduction	1
Growth of existing businesses	2
Employment generation	3
Development of start-up enterprises	4
Increased access to financial services	5
Gender equality and women's empowerment	6
+ Poverty targets
Poor clients
Low income clients
+ Governance
+ Range of products and services
+ Financial products and services offered
+ Credit products offered
Microcredit for household needs/consumption
SME loans
Loans for agriculture
+ Savings products offered
+ Compulsory insurance products required
Insurance of Employees.
+ Voluntary insurance products offered
+ Other financial products and services offered
+ Non-financial services offered
+ Enterprise services offered
Business development services
+ Education services offered
+ Health services offered
+ Women's empowerment services offered
+ Products and services targeting the poor
Products and services specifically designed to target the poor:	To support Land Mine Victims and people of Disabilities.
+ Social responsibility to clients
+ Client protection principles in use
The loan approval process requires evaluation of borrower repayment capacity and loan affordability. Loan approval does not rely solely on guarantees (whether peer guarantees, co-signers or collateral) as a substitute for good capacity analysis.
Productivity targets and incentive systems value portfolio quality at least as highly as other factors, such as disbursement or customer growth. Growth is rewarded only if portfolio quality is high.
Prices, terms and conditions of all financial products are fully disclosed to the customer prior to sale, including interest charges, insurance premiums, minimum balances, all fees, penalties, linked products, third party fees, and whether these can change over time.
Staff is trained to communicate effectively with all customers, ensuring that they understand the product, the terms of the contract, their rights and obligations. Communications techniques address literacy limitations (e.g. reading contracts out loud, materials in local languages).
Acceptable and unacceptable debt collection practices are clearly spelled out in a code of ethics, book of staff rules or debt collection manual.
The organization's corporate culture values and rewards high standards of ethical behavior and customer service.
A mechanism to handle customer complaints is in place, has dedicated staff resources, and is actively used. (Suggestion boxes alone are generally not considered adequate.)
Customers know how their information will be used. Staff explains how data will be used and seeks permission for use.
+ Cost of services to clients
Declining balance interest method
+ Social responsibility to staff
+ Human resources
Transparency on salary (a clear salary scale based upon market salaries)
Benefits (medical insurance, pension contribution)
Equality (anti-discrimination, equal pay for men and women with equivalent skill levels)
+ Basis of staff incentives related to social performance
Ability to attract new clients from target market
Outreach to remote/rural communities
Quality of interaction with clients based on client feedback mechanisms
Client retention/drop-out rate
Portfolio quality
+ Social responsibility to the environment
+ Poverty measurement tools in use
According to the official income application or papers.