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CredAgro


Azerbaijan

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CredAgro

CredAgro is an independent and dynamic organization that provides financial services to rural entrepreneurs in Azerbaijan. Our goal is to improve the economic opportunities and living standards of our clients and therefore the entire community where they live. CredAgro envisions an economic environment where financial services meet the needs of clients and are easily obtained at a fair price in all of Azerbaijan.

Program



Client Population

The organization is primarily focused on rural lending, a market that has been largely neglected by the formal banking system. CredAgro operates in the Absheron peninsula covering neighboring districts; in the south -Jalilabad, Masalli and Lankaran, in the west -Ismayilli, Zagatala, and Tovuz, and in the north - Khachmaz and Guba. It maintains 6,851 borrowers of which 25% are women.

Impact

In just six years CredAgro had established a loan portfolio of over $23,000,000 USD with an average loan size of $2,895. It has a substantial client base of 6,851 active borrowers and a 99% borrower repayment rate. Many of its clients have received and successfully paid back multiple loans. Such a strong repayment rate and client return is indicative of a significant increase in the clients' business success.

Story

CredAgro
Mr. Maharram Maharramov lives in the northern Khachmaz district of Azerbaijan. After having served in the police force most of his life, he was laid off in 1995 and decided to enter the private sector. Maharram was always interested in farming and decided to build his new career in the farming sector. He has been supported with subsequent loans from CredAgro to build his small farm into a large and well established business. Full Story

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