Microfinance Association of Azerbaijan AMFA

Microfinance Association of the Republic of Azerbaijan was established in 2001. AMFA's mission is to strengthen the capacity of microfinance institutions and to promote effective collective action in the microfinance community and its clients in Azerbaijan. It provides research analysis, educational opportunities, policy advocacy, certification, and other services to its membership of 16 non-bank credit organizations and 8 downscaling commercial banks, 2 leasing companies, one international fund and one credit union.

About Microfinance

Microfinance was introduced into Azerbaijan in the mid-1990s as a strategy for addressing the economic requirements of as many as 1,000,000 internally displaced persons (IDPs) and refugees who were uprooted during the Nagorno-Karabakh conflict with Armenia.
In 1996 a group of international NGOs (INGOs) began offering microfinance services to local low-income & war affected population in an effort to create income and employment opportunities. They started meet informally to share information about their operational experiences to address the constraints facing INGOs delivery credit with interest rates aimed at achieve sustainability.

Microfinance was introduced into Azerbaijan in the mid-1990s as a strategy for addressing the economic requirements of as many as 1,000,000 internally displaced persons (IDPs) and refugees who were uprooted during the Nagorno-Karabakh conflict with Armenia.
In 1996 a group of international NGOs (INGOs) began offering microfinance services to local low-income & war affected population in an effort to create income and employment opportunities. They started meet informally to share information about their operational experiences to address the constraints facing INGOs delivery credit with interest rates aimed at achieve sustainability.

Microfinance was introduced into Azerbaijan in the mid-1990s as a strategy for addressing the economic requirements of as many as 1,000,000 internally displaced persons (IDPs) and refugees who were uprooted during the Nagorno-Karabakh conflict with Armenia.
In 1996 a group of international NGOs (INGOs) began offering microfinance services to local low-income & war affected population in an effort to create income and employment opportunities. They started meet informally to share information about their operational experiences to address the constraints facing INGOs delivery credit with interest rates aimed at achieve sustainability.