Status Update. July 14, 2015:

You may have noticed that AzerCredit's delinquency rate is higher than usual. AzerCredit is unable to send payment outside the country at this time. AzerCredit and World Vision are working with the authorities to resolve the situation. AzerCredit is sending regular updates to Kiva, and we will keep all lenders posted as we learn more. As soon as funds are received, they will be applied to the corresponding loans.


Partner Description:
 
Vision Fund AzerCredit was established in 1996 to provide credit to ensure people can take control over their own lives and livelihoods.

While VF AzerCredit works both in the urban and rural areas of Azerbaijan, the emphasis is placed on providing loans to micro and small rural entrepreneurs and self-employed poor, covering remote areas which are often considered not bankable. 
 
VF AzerCredit currently serves more than 80,000 active clients, including IDPs (Internally Displaced Persons), through its 47 branches mostly operating in rural areas. 
 
VF AzerCredit recently started active development of a reliable feedback system of customer grievance and suggestions. Client relationship management will be one of the core directions of VF AzerCredit in coming years.
 
VF AzerCredit is a member of the following networks: VisionFund International (VFI), Azerbaijan Micro Finance Association (AMFA) and Micro Finance Center (MFC).
 
A unique lending approach:
 
AzerCredit provides group loans, agriculture loans and household and family loans for small and micro entrepreneurs.
 


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Nov 28, 2011 Oct 12, 2005
Total Loans $637,700 $710,270,325
Amount of raised Inactive loans $0 $525,625
Number of raised Inactive loans 0 343
Amount of Paying Back Loans $192,300 $132,733,275
Number of Paying Back Loans 127 151,339
Amount of Ended Loans $445,400 $577,011,425
Number of Ended Loans 302 716,420
Delinquency Rate 64.77% 6.84%
Amount in Arrears $72,206 $5,926,950
Outstanding Portfolio $111,485 $86,596,699
Number of Loans Delinquent 127 19,341
Default Rate 0.00% 1.12%
Amount of Ended Loans Defaulted $0 $6,485,241
Amount of Ended Loans $445,400 $577,011,425
Number of Ended Loans Defaulted 0 19,256
Currency Exchange Loss Rate 1.57% 0.25%
Amount of Currency Exchange Loss $10,003 $1,755,454
Refund Rate 0.20% 0.68%
Amount of Refunded Loans $1,275 $4,859,375
Number of Refunded Loans 1 5,363

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 23.99% 74.33%
Average Loan Size $1,486 $417
Average Individual Loan Size $1,486 $654
Average Group Loan Size $0 $1,845
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $10,800 $5,942
Average Loan Size / GDP per capita (PPP) 13.76% 7.01%
Average Time to Fund a Loan 16.76 days 6.29 days
Average Dollars Raised Per Day Per Loan $88.65 $66.21
  Average Loan Term 13.79 months 10.74 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 27 349,921
  Journaling Rate 6.08% 41.47%
  Average Number of Comments Per Journal 0.00 0.07
  Average Number of Recommendations Per Journal 0.00 1.58

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 43% PY 29.00% PY 32.03% PY
  Profitability (return on assets) 7.4% 4.7% -1.92%
  Average Loan Size (% of per capita income) 13.20% 27.00% 19.63%

Country Fast Facts

Field Partner Staff

Shahla Alibayli
Chris Paci