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 $721,304,450
Amount of raised Inactive loans $0 $421,300
Number of raised Inactive loans 0 324
Amount of Paying Back Loans $192,300 $133,692,925
Number of Paying Back Loans 127 153,625
Amount of Ended Loans $445,400 $587,190,225
Number of Ended Loans 302 728,054
Delinquency Rate 73.32% 7.19%
Amount in Arrears $81,735 $6,241,652
Outstanding Portfolio $111,485 $86,810,042
Number of Loans Delinquent 127 20,668
Default Rate 0.00% 1.17%
Amount of Ended Loans Defaulted $0 $6,841,628
Amount of Ended Loans $445,400 $587,190,225
Number of Ended Loans Defaulted 0 19,784
Currency Exchange Loss Rate 1.78% 0.27%
Amount of Currency Exchange Loss $11,381 $1,945,073
Refund Rate 0.20% 0.68%
Amount of Refunded Loans $1,275 $4,898,125
Number of Refunded Loans 1 5,415

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 23.99% 74.40%
Average Loan Size $1,486 $416
Average Individual Loan Size $1,486 $653
Average Group Loan Size $0 $1,848
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $10,800 $5,938
Average Loan Size / GDP per capita (PPP) 13.76% 7.01%
Average Time to Fund a Loan 16.76 days 6.38 days
Average Dollars Raised Per Day Per Loan $88.65 $65.25
  Average Loan Term 13.79 months 10.77 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 27 354,238
  Journaling Rate 5.85% 41.33%
  Average Number of Comments Per Journal 0.00 0.06
  Average Number of Recommendations Per Journal 0.00 1.56

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 31.97% PY
  Profitability (return on assets) 5.91% 4.7% -1.93%
  Average Loan Size (% of per capita income) 13.20% 27.00% 19.57%

Country Fast Facts

Field Partner Staff

Shahla Alibayli
Chris Paci